Which One of the Following Should Be NOT Reported Net

question 54

Multiple Choice

Which one of the following should be NOT reported net of income taxes?

• A) Loss from early extinguishment of long-term debt
• B) Cumulative adjustments resulting from a change in depreciation methods
• C) Bad debt expense associated with a bankrupt customer
• D) Gains or loss from discontinuing the operations of a major segment of a business

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Definitions:

Kinds of Power

Various forms of influence or control individuals or groups can exert over others, such as coercive, reward, legitimate, expert, and referent power.

Ethical Behavior

Acting in ways consistent with what society and individuals typically think are good values.

Organizational Cultures

The shared values, beliefs, and practices that characterize an organization, shaping its identity and influencing how it operates and interacts with stakeholders.

Company Example

An illustration or instance of a firm or business used to demonstrate a particular point or principle.