Discontinued Operations and Extraordinary Items Are Two Components of the Income

question 18

True/False

Discontinued operations and extraordinary items are two components of the income statement that are reported after income from operations or are reported separately because of their unique nature.

---

Definitions:

Types of Intelligence

Refers to different ways of understanding, processing, and applying knowledge, such as linguistic, logical-mathematical, and spatial intelligence.

Sternberg

Refers to Robert Sternberg, a psychologist known for his work on intelligence, creativity, and love theories.

Creative Intelligence

The ability to produce novel and valuable ideas or solve problems in innovative ways.

Practical Intelligence

Refers to the ability to solve everyday problems through skilled reasoning that relies on tacit knowledge.