______________________________________ Is a Line Item on the Income Statement to Reflect

question 23

Short Answer

______________________________________ is a line item on the income statement to reflect any gain or loss from an event that is both unusual in nature and infrequent in occurrence.

---

Definitions:

Highly Profitable

Describes businesses, operations, or activities that generate significant financial returns or gains.

Poor And Powerless

Individuals or groups lacking material wealth and the ability to influence or exert control over their circumstances or environment.

Punished Severely

Subject to harsh or strict penalties or consequences, often in response to a violation of law or rules.

Disreputable

Having a bad reputation, not respected or trusted by most people.