Which of the Following Material Gains/losses Would Be Disclosed as an Extraordinary

question 1

Multiple Choice

Which of the following material gains/losses would be disclosed as an extraordinary item on an entity's income statement?

• A)a loss arising from the write-off of a large uncollectible accounts receivable balance
• B)a loss arising from the expropriation of a manufacturing plant by a foreign government
• C)a gain from sale of a component of the entity's business
• D)a gain from the sale of manufacturing equipment no longer needed by the entity

---

Definitions:

Authentic

Genuine or true; not counterfeit or copied, often referring to objects, experiences, or expressions that are considered original or real.

Primary Appeal

The main or most compelling reason or feature used to persuade or attract attention in marketing or argumentation.

Superior Service

Providing a level of service to customers that exceeds expectations, often characterized by high quality, efficiency, and a personalized approach.

Favorable Price

A price point that is advantageous or beneficial to the buyer, often due to being lower than average market prices or offering a great value for the cost.