The major components of the income statement are listed below: A = revenues B = income from continuing operations C = earnings per share D = results from discontinued operations E = operating income = In what sequence do they normally appear on the income statement? O A-E-B-D-C O B-A-E-D-C O B-D-C-D-E OE-B-A-C-D Which of the following are components of the income statement? revenues O results from discontinued operations O income from continuing operations O All of these choices are correct. From the following information, compute cost of goods sold. Purchase returns Inventory, December 31 Freight-in Inventory, January 1 Purchases $ 1,200 2,500 1,100 2,800 15,000 $15,200 $15,100 O $15,000 O $15,300 The income statement helps users O review the impact of economic factors affecting the company. O compare and contrast performance against a competitor. assess the company's risk. O All of these answer choices are ways in which the income statement helps users. Which of the following is not a purpose of the income statement? O used to compare performance against other companies O predicts the company's future assets and liabilities used to evaluate management's performance assesses the company's risk