Which of the Following Events Could Potentially Qualify for Reporting

question 63

Multiple Choice

Which of the following events could potentially qualify for reporting as an extraordinary item?

• A) A city government sells city hall.
• B) City Hall is hit by lightning and is significantly damaged by fire.
• C) The city offers employees an early retirement incentive package and 15 employees accept the offer.
• D) City has unexpected loss on sale of an investment in AT&T stock.

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Definitions:

Convergent Boundary

A tectonic boundary where two plates are moving toward each other, often resulting in mountain building, earthquakes, and volcanism.

Slab Pull

A plate-driving force generated by the sinking action of a relatively dense, subducted slab.

Ridge Push

A plate-driving force that results from the tendency of an oceanic plate to slide down the sloping lithosphere-asthenosphere boundary near a mid-ocean ridge.

Upwelling Mantle

Refers to the process where hotter, less dense mantle material ascends towards the Earth's surface, typically at mid-ocean ridges or hotspots.