What is the correct order to present the following items in the income statement?
A)Other revenues and expenses,income tax expense,discontinued operations,net income.
B)Other revenues and expenses,income tax expense,net income,discontinued operations.
C)Discontinued operations,net income,other revenues and expenses,income tax expense.

Question

Quizplus · Accepted Answer

The correct order in an income statement is: other revenues and expenses, income tax expense, discontinued operations, and then net income. Discontinued operations are shown after income from continuing operations and before net income.

What Is the Correct Order to Present the Following Items