An Income Statement Prepared with Separate Components

question 36

Multiple Choice

An income statement prepared with separate components

• A)enables users to distinguish transactions that are due to operations from those that are not useful as predictors of future performance.
• B)is prepared only for income items that are frequent and usual.
• C)is used primarily by companies involved with complex financing transactions.
• D)may replace a statement of cash flows..

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Definitions:

Intrinsic Motivation

The drive to perform an activity for its inherent satisfaction or pleasure, rather than for some separable consequence.

Organismic Needs

Fundamental human needs identified in various psychological theories that are innate and drive behavior, such as physiological, safety, love, and esteem needs.

Intrinsic Motivation

The drive to engage in an activity for its own sake, rather than for the sake of obtaining a reward or avoiding punishment.

Extrinsic Motivation

The drive to perform an activity due to external rewards or pressures, rather than for intrinsic satisfaction.