Gains and Losses That Are Normal and Frequent Are Reported

question 105

Multiple Choice

Gains and losses that are normal and frequent are reported as:

• A)Part of continuing operations in after-tax dollars.
• B)A prior period adjustment on the statement of retained earnings.
• C)A gain or loss from disposing of the discontinued segment's net assets.
• D)A gain or loss from operation of a discontinued segment.
• E)Part of continuing operations in before tax dollars.

Understand the role and identification of mentors, preceptors, and supervisors within the workplace.

Acknowledge the importance of accreditation for medical assisting programs and certification exams.

Recognize the value of practical experience gained through externship in medical assisting education.

Grasp the concept and significance of continuous professional development for medical assistants.

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Definitions:

Rational Basis Test

A standard of review used by courts to evaluate laws and governmental actions to ensure they are reasonably related to a legitimate government interest.

Due Process

A constitutional principle that ensures the government respects all legal rights owed to a person according to the law, including fair treatment through the normal judicial system.

Federal Preemption

A legal doctrine that allows federal law to take precedence over state laws in certain areas, preventing states from enacting conflicting legislation.

State Laws

Legal regulations and statutes enacted by individual states within a country, as opposed to federal laws.