Which of the Following Income Statement Items Is Considered to Be

question 87

Multiple Choice

Which of the following income statement items is considered to be transitory?

• A) promotional costs for a new product
• B) sales revenue from the general public
• C) interest expense on short-term loans
• D) income from discontinued operations

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Definitions:

Waste Products

Unwanted or unusable materials produced during or remaining after the completion of a process, including manufacturing, household, and biological processes.

Urine

Fluid secreted from the blood by the kidneys, stored in the bladder, and discharged from the body by voiding.

Creatinine

A waste product generated from muscle metabolism, whose blood levels are used to assess kidney function.

Triglycerides

A combination of glycerol and fatty acids in the blood.