Which of the Following Is Not an Irregular Item on the Income

question 218

Multiple Choice

Which of the following is not an irregular item on the income statement?

• A) Discontinued operations
• B) Extraordinary items
• C) Other revenues and expenses
• D) Loss on disposal of a significant component of a business

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Definitions:

Demand Rises

A situation where the quantity of a good or service that consumers are willing and able to buy increases.

Demand Curve

A visual chart that illustrates how the demand quantity of a product or service correlates with its price over a specific time frame.

Demand Curves

Graphical representations showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.

Supply Curves

An illustrative chart showing how the price of a product or service correlates with its supply during a certain period.