Chapter+13+Quiz+2010+Fall+++solutions

Chapter+13+Quiz+2010+Fall+++solutions - Chapter 13 Quiz...

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Chapter 13 Quiz 2010 Fall Name________________Section_____________ 1. When preparing an income statement, which of the following is the proper order for income statement components? a. Comprehensive income, Other comprehensive income items, irregular items, Net income. b. Net income, irregular items, Comprehensive income, Other comprehensive income items. c. Irregular items, Net income, Other comprehensive income items, Comprehensive income. d. Irregular items, Net income, Comprehensive income, Other comprehensive income items. 2. An extraordinary item must meet which of the following two criteria? a. Foreseeable and material. b. Infrequent and unusual. c. Substantial and measurable. d. Unusual and measurable. 3. Which of the following items appears on the income statement before income before irregular items? a. Other comprehensive income. b. Extraordinary items. c. Income tax expense. d. Discontinued operations. 4. Which of the following items should be classified as an extraordinary item on an
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This note was uploaded on 01/18/2012 for the course ACCT 207 taught by Professor Hudchinson during the Fall '08 term at University of Delaware.

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Chapter+13+Quiz+2010+Fall+++solutions - Chapter 13 Quiz...

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