Which of the Following Would Be Classified as an Extraordinary

question 29

Multiple Choice

Which of the following would be classified as an extraordinary item on the income statement?

• A)Loss from a strike
• B)Correction of an error related to a prior period
• C)Write-off of obsolete inventory
• D)Loss on disposal of a segment of business
• E)Loss from prohibition of a product

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Definitions:

Syllogism Validity

The property of a syllogism whereby if the premises are true, the conclusion cannot logically be false.

Enthymeme

A syllogism or form of reasoning in which one of the premises is implicit or assumed rather than stated.

Missing Premise

a logical gap in an argument where an unstated or implied premise is necessary for the argument to hold.

Syllogism Validity

A measure of a syllogism's correctness in deducing the conclusion from two premises, based on the structure of the argument.