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When transitory earnings are present, which of the following correctly depicts the order used on the income statement?

Income tax expense, income from continuing operations, unusual items, discontinued operations, net income.

Income from continuing operations, discontinued operations, income tax expense, net income.

Income from continuing operations, unusual items, income tax expense, discontinued operations, net income.

Income tax expense, income from continuing operations, discontinued operations, net income.

Sagot :

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