A Review of the December 31, 2010, Financial Statements of Rule

question 74

Multiple Choice

A review of the December 31, 2010, financial statements of Rule Corporation revealed that under the caption "extraordinary losses, " Rule had reported a total of $300, 000.Further analysis revealed that the $300, 000 in losses comprised the following items: 1.Rule recorded a gain of $\$ 80,000$ incurred in the sale of equipment.
2.In an umusual and infrequent occurrence, a loss of $\$ 250,000$ was sustained as a result of tomado damage to a manufacturing facility
3. During 2010, several factorieswere shut down chuing a najor strike by employees of Rule's major customer. Shut clown expenses totaled $\$ 100,000$ .
4. Inventory in the amount of $\$ 30,000$ waswritten off as obsolete. Ignoring income taxes, what amount of loss should Rule report as an extraordinary loss on its 2010 income statement?

• A)$100, 000
• B)$250, 000
• C)$280, 000
• D)$350, 000

Acknowledge the role of parents and external factors in infant language development.

Interpret the role of stem cells and the implications of epigenetic changes.

Explore the stages and domains of cognitive development according to key theorists.

Understand the concept and examples of gender identity and sexual orientation.

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Definitions:

Skilled Movement

Complex, coordinated activities that require fine motor control and expertise, often learned through practice.

Motor Control

The process by which the nervous system directs or influences muscles to perform voluntary movements.

Cerebellum

A region of the brain that plays an important role in motor control, coordination, precision, and timing of movements.

Basal Ganglia

A group of nuclei in the brain involved in coordinating movement, as well as aspects of learning and emotion.