F1 -

How are operating revenues and expenses reported?

Separately from non-operating revenues and expenses and other gains and losses
What is the benefit of the multiple step income statement?

Enhanced user information
How is information presented in the single step income statement?

Total expenses (including income tax expense) are subtracted from total revenues

Author

iwillnotlose

201313

Card Set

F1 -

Description

Income From Continuing Operations

Updated

2013-02-18T02:49:01Z

Show Answers