Which of the Following Items Should Be Classified as an Unusual

question 136

Multiple Choice

Which of the following items should be classified as an unusual item on an income statement?

• A) gain on the retirement of a bond payable
• B) gain on a sale of a long-term investment
• C) loss due to a discontinued operation in Colorado
• D) selling treasury stock for more than the company paid for it

Know the appropriate response to fever in children with viral illnesses.

Prepare for and manage the care of children undergoing diagnostic and therapeutic procedures.

Implement correct hygiene and safety measures during and after medical procedures.

Provide atraumatic care during medical procedures.

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Definitions:

Inventory Cost

The cost associated with holding and storing inventory over a certain period, including warehousing, insurance, and depreciation expenses.

Safety Stock

Extra inventory carried to prevent stockouts in the event of heavy use or delayed delivery.

Working Stock

Working stock refers to the inventory that is readily available for use or sale, excluding any safety stock kept in reserve to cover potential shortages.

Collection Period

The average number of days it takes for a company to collect payments owed by its customers.