An Item That Should Be Classified as an Extraordinary Item

question 64

Multiple Choice

An item that should be classified as an extraordinary item is

• A) write-off of goodwill.
• B) gains from transactions involving foreign currencies.
• C) losses from moving a plant to another city.
• D) gains from a company selling the only investment it has ever owned.

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Definitions:

Empowerment

The process of enabling or authorizing an individual or group to think, behave, take action, and control work in autonomous ways.

Implementation

The process of putting a decision or plan into effect; execution.

Organizational Support

Pertains to the level of support and assistance provided by an organization to its members, including resources, emotional support, and acknowledgment.

Implementation

The process of putting a decision or plan into effect; executing or enacting.