Everyday business activities are reported in:
A. continuing operations section.
B. continuing and discontinued operations section.
C. extraordinary items section.
D. discontinued operations section.
Continuing Operation Income Statement:
A continuing operation income statement shows the income from continuing operation from the regular company's business activities. The continuing operation income is also called operating income.
Answer and Explanation: 1
The correct answer is option A. continuing operations section.
As per the International Financial Reporting Standards (IFRS), all revenue and costs...
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fromChapter 2 / Lesson 1
Learn about the types and importance of financial statements. See the financial statement definition, and study the purpose of financial statements.