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Which of the following appears separately, net of income tax, on an income statement?

A. Gross Profit

B. Gain on Sale of a Truck

C. Interest Expense

D. Loss on Discontinued Operations

E. Sales Discount

Accounting Financial Reporting Financial Accounting Bookkeeping Financial Statements
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Question added by Tranquilino Jr Rivera , General Accountant , Enany Group of Companies
Date Posted: 2015/06/16
Upvote (0) Views (6) Followers (6) Answers (6) Report Question
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Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option D is the right answer.

Vijayabharathi Kalyanasundaram (ACMA - INDIA)

I think answer is D : loss on discontinued operations...normally it is reported separately after normal continuing operations net profit...

Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

Option D loss on discontinued operations 

Ahmer Zamir
by Ahmer Zamir , Consultant , Saleem Associates & Co

The correct option is D) Loss on Discontinued Operation

Sheikh Zohaib Rehman Zaibi
by Sheikh Zohaib Rehman Zaibi , Admin and Accounts Officer , NAI ZINDAGI

Loss on Discontinued Operations

Saidul Alam
by Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

D. Loss on Discontinued Operations is correct.

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