The Gain on the Early Retirement of Debt Is Usually

question 95

Multiple Choice

The gain on the early retirement of debt is usually classified on the income statement as:

• A)a reduction in operating expenses.
• B)ordinary revenue.
• C)other gains and losses.
• D)an extraordinary gain.

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Definitions:

Regression

In statistics, a method for modeling the relationships between one or more independent variables and a dependent variable; in psychology, a defense mechanism leading to the temporary or long-term reversion of the ego to an earlier developmental stage rather than handling unacceptable impulses in a more adult way.

Reduction

The process of simplifying or breaking down complex entities into simpler components, often used in scientific and mathematical problem-solving.

Nostalgia

A sentimental longing or wistful affection for the past, typically for a period or place with happy personal associations.

Melancholia

A severe form of depression characterized by persistent feelings of deep sadness, hopelessness, and lack of interest or pleasure in activities.