Which section of the Income Statement is reported net of income taxes or net of income tax savings?
A)All sections are reported net of taxes.
B)Discontinued operations section
C)Continuing operations section
D)Other income (expense)section

Question

Quizplus · Accepted Answer

The discontinued operations section of the income statement is reported net of income taxes or net of income tax savings. This is because the results from discontinued operations are shown separately from continuing operations and are presented after tax to give a clearer picture of their impact on the overall financial position of the company.

Which Section of the Income Statement Is Reported Net of Income