Which of the Following Would Appear as an Unusual Item

question 54

Multiple Choice

Which of the following would appear as an unusual item on the income statement?

• A) loss resulting from the sale of fixed assets
• B) gain resulting from the disposal of a segment of the business
• C) presentation of earnings per share
• D) stock split

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Definitions:

Output Effect

The effect that changes in the price level have on the quantity of goods and services supplied, due to the real balances of money.

Marginal Revenue Product

The additional revenue generated by employing one additional unit of a factor of production, crucial for decision-making in business.

Output Rises

An increase in the quantity of goods or services produced within an economy, often indicating economic growth or expansion.

Wage Rate

The compensation paid to employees for their labor per time unit, often quantified on an hourly or annual basis.