The major differences between unclassified and classified income statements are

Select one:

a. An unclassified income statement is made available to the public, while a classified income statement is private.

b. There is no real difference. The terminology depends upon the company's industry classification.

c. A classified income statement only has two categoriesrevenues and expenses. An unclassified income statement divides both revenues and expenses into operating and non-operating items.

d. None of these.

e. An unclassified income statement only has two categoriesrevenues and expenses. A classified income statement divides both revenues and expenses into operating and non-operating items.