Which One of the Following Is a Nonoperating Event That

question 18

Multiple Choice

Which one of the following is a nonoperating event that must be reported on the income statement?

• A) Acquisition of a plant asset to be used in operations
• B) Extraordinary items
• C) Recognition of inventory expense
• D) Consumption of office supplies

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Definitions:

Malingering

The act of feigning or exaggerating illness or disability to escape duty or work, or to gain sympathy, aid, or compensation.

La Belle Indifference

A term referring to an unusual lack of concern for one’s physical symptoms, typically seen in conversion disorder.

Agoraphobia

An anxiety disorder involving intense fear and avoidance of places or situations where escape might be difficult or help might not be available in the event of panic.

Dissociation

A mental process that causes a lack of connection in a person's thoughts, memory, and sense of identity.