Chapter 7
Corporations: The Financial Statements
330
AS-20 (
2
)
Name at least three items that are often included in the other income or expenses section of
the income statement under ASPE.
AS-21 (
2
)
Provide at least two examples of items that are usually included in the discontinued
operations section of the income statement under ASPE.
AS-22 (
2
3
)
Explain the difference between other comprehensive income and accumulated other
comprehensive income on financial statements.
