An Extraordinary Item Can Result from

question 112

Multiple Choice

An extraordinary item can result from

• A) a segment of the business being sold
• B) corporate income tax being paid
• C) a change from one accounting method to another acceptable accounting method
• D) a transaction or event that is unusual and occurs infrequently

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Definitions:

Functionalism

A theoretical framework in sociology and anthropology that views society as a complex system whose parts work together to promote solidarity and stability.

Dynamic System

A system characterized by constant change, activity, or progress, often used in reference to complex systems with various interdependent factors and variables.

Interrelated Parts

Components that are connected or related in such a way that changes in one part affect the others.

Proletariat

The class of wage-earners in a capitalist society, who, lacking substantial control over the means of production, sell their labor to live.