If an Item Meets One (But Not Both) of the Criteria

question 169

Multiple Choice

If an item meets one (but not both) of the criteria for an extraordinary item, it

• A)only needs to be disclosed in the footnotes of the financial statements.
• B)may be treated as sales revenue (if it is a gain) and as an operating expense (if it is a loss).
• C)is reported as an "other revenue or gain" or "other expense and loss," net of tax.
• D)is reported at its gross amount as an "other revenue or gain" or "other expense or loss."

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Definitions:

Hidden Observer

A hypothetical part of the mind in hypnotism believed to observe events that the patient does not consciously perceive.

Consciousness Modes

Refers to the different states or levels of awareness that an individual can experience, ranging from full alertness to various stages of unconsciousness.

Hilgard's Study

Refers to research by Ernest Hilgard, known for his work on hypnotism and the theory of a "hidden observer" in the consciousness.

Sociocognitive Model

A theory that examines how individuals' social and cognitive interactions affect their behaviors and psychological well-being.