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C213- Topic 4 2025/2026 Exam
Questions Marking Scheme New Update
| A+ Rated
A measure of a company's performance that includes all items that are expected to
continue into the future is -
- Net Income
- Operating Income
- Income from Continuing Operations
- Gross Profit - 🧠 ANSWER ✔✔Income from Continuing Operations
Operating Income is equal to -
- Income from Continuing Operations plus Income Tax Expense and Interest
Expense plus/minus other miscellaneous revenues, expenses, gains, and losses
- Gross Profit plus Cost of Goods Sold
- Sales less Cost of Goods Sold
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
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- Comprehensive Income plus and unrealized gains and losses not included in Net
Income - 🧠 ANSWER ✔✔Income from Continuing Operations plus Income Tax
Expense and Interest Expense plus/minus other miscellaneous revenues, expenses,
gains, and losses
A measure of a company's performance that is intended to summarize in one
number the overall economic performance of a company in a given period is -
- Comprehensive Income
- Operating Income
- Income from Continuing Operations
- Net Income - 🧠 ANSWER ✔✔Net Income
When a company determines to get out of a specific line of business
- Only the net of revenues and expenses and the net of the assets and liabilities is
disclosed in the financial statements.
- Revenues and expenses from that line of business are excluded from the
company's recurring revenues and expenses when preparing an income statement.
- Assets and liabilities from the discontinued line are included with other assets and
liabilities until they are sold.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
C213- Topic 4 2025/2026 Exam
Questions Marking Scheme New Update
| A+ Rated
A measure of a company's performance that includes all items that are expected to
continue into the future is -
- Net Income
- Operating Income
- Income from Continuing Operations
- Gross Profit - 🧠 ANSWER ✔✔Income from Continuing Operations
Operating Income is equal to -
- Income from Continuing Operations plus Income Tax Expense and Interest
Expense plus/minus other miscellaneous revenues, expenses, gains, and losses
- Gross Profit plus Cost of Goods Sold
- Sales less Cost of Goods Sold
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
, 2
- Comprehensive Income plus and unrealized gains and losses not included in Net
Income - 🧠 ANSWER ✔✔Income from Continuing Operations plus Income Tax
Expense and Interest Expense plus/minus other miscellaneous revenues, expenses,
gains, and losses
A measure of a company's performance that is intended to summarize in one
number the overall economic performance of a company in a given period is -
- Comprehensive Income
- Operating Income
- Income from Continuing Operations
- Net Income - 🧠 ANSWER ✔✔Net Income
When a company determines to get out of a specific line of business
- Only the net of revenues and expenses and the net of the assets and liabilities is
disclosed in the financial statements.
- Revenues and expenses from that line of business are excluded from the
company's recurring revenues and expenses when preparing an income statement.
- Assets and liabilities from the discontinued line are included with other assets and
liabilities until they are sold.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
