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sales.
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Multiple Choice Question 162
The order of presentation of nontypical items that may appear on
the income statement is
Other revenues and expenses, Extraordinary items, Discontinued
operations.
Extraordinary items, Discontinued operations, Other revenues
and expenses.
Discontinued operations, Extraordinary items, Other revenues
and expenses.
Other revenues and expenses, Discontinued operations,
Extraordinary items
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Multiple Choice Question 98
A measure of the percentage of each dollar of sales that results in
net income is
return on assets.
earnings per share.
profit margin.
return on common stockholders’ equity.
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Multiple Choice Question 159
Which one of the following would be classified as an
extraordinary item?