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 |
