What is meant by the terms components, elements, and items as they relate to the income statement?

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What is meant by the terms components, elements, and items as they relate to the income statement? Why might items have to be disclosed in the income statement?

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Dec 11, 2010 01:29 AM

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What is meant by the terms components, elements, and items as they relate to the income statement?

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Elements are the basic ingredients which comprise the income statement tha...View the full answer

Intermediate Accounting

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