Which of the Following Items Need Not Be Reported Separately

question 40

Multiple Choice

Which of the following items need not be reported separately at the bottom of the income statement?

• A) Profitability ratios
• B) Discontinued operations
• C) Extraordinary gains and losses
• D) Cumulative effect of a change in accounting principle

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Definitions:

Universal

Pertaining to or affecting all members within a given group or category without exception; applicable everywhere or in all cases.

Primary Prevention

Actions taken to prevent the onset of disease or injury before it occurs, by removing or reducing disease risk factors.

Prevention Initiatives

Programs or strategies designed to stop a disease or disorder before it occurs, often through education or health promotion activities.

Ecological Perspective

A viewpoint in social sciences that emphasizes the interplay between individuals and their physical, social, and cultural environments.