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15.) To the extent that these four sections of the income statement exist they MUST presented in this order: A. Discontinued operations net of tax,

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15.) To the extent that these four sections of the income statement exist they MUST presented in this order: A. Discontinued operations net of tax, Income Tax Expense, Income from Continuing Operations before Income Taxes, Income from Continuing Operations before Discontinued Operations B. Income from Continuing Operations before Income Taxes, Income Tax Expense, Income from Continuing Operations before Discontinued Operations, Discontinued Operations net of tax C. Income Tax Expense, Income from Continuing Operations before Discontinued Operations, Discontinued Operations net of tax, Income from Continuing Operations before Income Taxes D. Income from Continuing Operations before Discontinued Operations, Discontinued Operations net of tax, Income from Continuing Operations before Income Taxes, Income Tax Expense 16.) Which general purpose financial statement is prepared at a point in time? O A. Income Statement B. Statement of Stockholder's Equity C. Balance Sheet D. Both A&B

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