Which of the Following Amounts Would Be Presented Separately from the Results

question 43

Multiple Choice

Which of the following amounts would be presented separately from the results of continuing operations in the income statement?

• A) The loss from writing down obsolete inventory
• B) A gain on the sale of land
• C) The loss incurred due to a flood
• D) The loss from a plant closure

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Definitions:

Real Interest Rate

Nominal interest rate minus inflation rate.

Monetarist

Pertains to an economic theory focusing on the control of the money supply as a tool for managing economic stability and growth.

Milton Friedman

An American economist and a key figure in the Chicago School of Economics, known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

John Maynard Keynes

A British economist whose theories on the causes of prolonged unemployment and recommendations for government intervention in economies to stimulate demand and growth form the basis of Keynesian economics.