Select the best order for the following items appearing in i

Select the best order for the following items appearing in income statements:

1.Prepaid expenses

2.Income from continuing operations

3.Discontinued operations

4.Prior-period adjustments

5.Taxes on income from continuing operations

6.Dividends

7.Net income

8.Revenues

9.Expenses

10.Income from continuing operations before income tax

A. 8 - 9 - 1 - 10 - 5 - 2 -6 - 7

B. 8 - 9 - 10 - 5 - 2 - 3 -7

C.8 - 9 - 6 - 1 - 2 - 5 - 3 - 7

D. 8 - 9 - 1 - 10 - 6 - 3 - 5- 7 - 4

Solution

best order for the following items appearing in income statements:

So answer is B. 8 - 9 - 10 - 5 - 2 - 3 -7

Best order
8.Revenues
9.Expenses
10.Income from continuing operations before income tax
5.Taxes on income from continuing operations
2.Income from continuing operations
3.Discontinued operations
7.Net income
Select the best order for the following items appearing in income statements: 1.Prepaid expenses 2.Income from continuing operations 3.Discontinued operations 4

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