Question

The complete income statement is separated into the following sections. Check all that apply:

A. Discontinued segments.
B. Discontinued operations.
C. Earnings per share.
D. Continuing operations.

Answer 1

The complete income statement typically includes Continuing operations, Discontinued operations, and Earnings per share. The correct answer is option B., C. and D.

Step-by-step explanation:

The sections of a complete income statement include:

• Continuing operations: This section includes the ongoing revenue and expenses of the business.
• Discontinued operations: This section includes any revenue and expenses from discontinued segments or operations that are no longer part of the business.
• Earnings per share: This section calculates the earnings per share by dividing the net income by the average number of shares outstanding.