Respuesta :
When temporary earnings are present, the order of income tax expense, income from continuing activities, income from discontinued operations, and net income on the income statement is accurate.
In accounting, what are transitory earnings?
A temporary income is one whose source is neither constant nor fixed, and is hence referred to as transitory earnings. As the discrepancy between measured income and permanent income, the transitory income should be determined. The corporation in that time period received an unexpected income.
On the income statement, where can I find the income from continuing operations?
A company's regular business operations are accounted for by the net income category known as income from continuing operations, which may be seen on the income statement. Operating income is another name for revenue from ongoing operations.
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