Which One of the Following Is a Nonoperating Event That

question 27

Multiple Choice

Which one of the following is a nonoperating event that must be reported on the income statement?

• A)Acquisition of a plant asset to be used in operations
• B)Interest revenue
• C)Recognition of inventory expense
• D)Consumption of office supplies

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Definitions:

Structure

A composition or arrangement of parts or elements forming a complex or coherent whole.

Bones United

Refers to the process of bone healing or the fusion of bones, often after a fracture.

Fluid Type

Fluid type refers to the classification of fluids based on their physical properties, composition, and behavior under different conditions, relevant in both biological and engineering contexts.

Shape

The outer shape, edges, or silhouette of an object or figure.