Classification as an Extraordinary Item on the Income Statement Would

question 1

Multiple Choice

Classification as an extraordinary item on the income statement would be appropriate for the

• A)gain or loss on disposal of a component of the business.
• B)substantial write-off of obsolete inventories.
• C)loss from a strike.
• D)none of these.

Learn about the influence of early life experiences on adult personality as proposed by Freud.

Understand Freud’s theory of psychosexual development stages.

Identify and describe the major complexes and conflicts as per Freudian theory.

Understand the role of defense mechanisms in personality development.

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Definitions:

Joint Tenancy

is a form of property ownership where two or more parties hold equal ownership interests, and the survivor(s) inherit any deceased's share.

Surviving Owner

refers to an individual who co-owned property or assets with another and retains ownership after the other’s death, often in joint tenancy agreements.

Fixed-term Tenancy

A leasing agreement for a specific period, providing stability for both tenant and landlord but limiting flexibility.

Abandons

The act of giving up a right, property, or interest without attempting to claim or sell it, often involving legal or financial implications.