Income tax expense is shown as part of operating expenses

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Reference no: EM131288143

Which of the following is true?

Income tax expense is shown as part of operating expenses.

Income from operations would increase other income.

Gains and losses on the sales of investments are included in nonoperating income (loss).

Income before income taxes would be shown as a component of operating income on the income statement.

Reference no: EM131288143

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