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4. The major components of the income statement are listed below: A = extraordinary items B = income from continuing operations C = earnings per
4. The major components of the income statement are listed below:
A = extraordinary items
B = income from continuing operations
C = earnings per share
D = cumulative effects of change in accounting principle
E = results from discontinued operations
In what sequence do they normally appear on the income statement?
a. B-A-E-D-C
b. B-E-A-D-C
c. B-E-D-A-C
d. B-D-E-A-C
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