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

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Definitions:

Motivated

Having a reason or reasons for acting or behaving in a particular way, often driven by internal or external forces.

Behavioral Autonomy

The capacity of an individual to make an independent choice and act based on personal motives or values.

Expectation

The anticipation of a specific outcome, event, or condition, influenced by previous experiences, beliefs, and psychological states.

Prefrontal Cortex

The region of the brain located at the front of the frontal lobes, involved in planning complex cognitive behavior, decision-making, and moderating social behavior.