James, Inc

question 59

Multiple Choice

James, Inc. incurred the following infrequent losses during 2014:A $210,000 write-down of equipment leased to others.A $120,000 adjustment of accruals on long-term contracts.A $180,000 write-off of obsolete inventory.In its 2014 income statement, what amount should James report as total infrequent losses that are not considered extraordinary?

• A) $510,000.
• B) $390,000.
• C) $330,000.
• D) $300,000.

---

Definitions:

Motivational Research

A marketing research approach that seeks to understand underlying emotional and subconscious factors influencing consumer behavior.

Socially Unacceptable Needs

Needs or desires that are deemed inappropriate or offensive by societal standards and cultural norms.

Freudian Theory

A psychological theory developed by Sigmund Freud that focuses on unconscious desires and the importance of childhood experiences in shaping personality.

Superego

A component of Freud's psychoanalytic theory, representing the moral conscience that incorporates societal and parental standards.