The non-operating section of the income statement includes:
A)extraordinary items.
B)extraordinary items and discontinued operations.
C)extraordinary items, accounting principle changes, and discontinued operations.
D)extraordinary items, accounting principle changes, discontinued operations, and prior period adjustments.

Question

Quizplus · Accepted Answer

The non-operating section of the income statement includes extraordinary items, accounting principle changes, and discontinued operations. These items are distinct from the company's ordinary, ongoing operational activities.

The Non-Operating Section of the Income Statement Includes