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What sequence do normally appear on the income statement

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Reference no: EM132677718

The major components of the income statement are as follows:

1- Revenues, 2- operating income, 3- Earnings per share, 4- Results from discontinued operations, ?5- Income from continuing operations, 6- Income tax, 7- COGS.

Problem 1: In what sequence (order) do they normally appear on the income statement?

Select one:

a. 1-5-7-2-6-4-3

b. 1-7- 2-6-5-4-3

c. 2-7-1-3-4-5-6

d. 1-7-5-6-2-4-3

Reference no: EM132677718

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