Since Extraordinary Items Affecting Earnings Are Typically Non-Recurring, Investors Should

question 65

True/False

Since extraordinary items affecting earnings are typically non-recurring, investors should disregard their impact on earnings when evaluating the stock.

---

Definitions:

Time Ticket

A record documenting the amount of time an employee or worker spends on various tasks or jobs, used for billing or payroll purposes.

Hours Worked

The total number of hours spent by employees completing their job duties during a specific time frame.

Direct Labor Costs

Expenses associated with the wages of employees who are directly involved in the production process of goods or services.

Indirect Labor Costs

Costs associated with employees who do not directly work on a product, but whose services are necessary for the production process.