Which of the following types of items would you be most likely to see below the income tax expense line on an income statement?
A)Gain on Sale of Discontinued Operations,Net of Tax
B)Gross Profit
C)Selling,General,and Administrative Expense
D)Salaries Expense

Question

Quizplus · Accepted Answer

Gains and losses from discontinued operations are reported net of tax,so they are reported on the income statement after the income tax expense and income from continuing operations lines.

Which of the Following Types of Items Would You Be