Which section of the Income Statement is NOT 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)Extraordinary items section

Question

Quizplus · Accepted Answer

The continuing operations section of the income statement is reported before income taxes, unlike discontinued operations and extraordinary items, which are reported net of taxes.

Which Section of the Income Statement Is NOT Reported Net