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:

Medications

Substances used in the diagnosis, treatment, or prevention of disease and for relieving pain or suffering.

Developmental Tasks

Certain psychological and emotional accomplishments that are expected to be achieved by individuals as they grow and develop.

Middle-aged

A life stage typically ranging from about 45 to 65 years of age, often marked by both physical and psychological changes.

Older Persons

Individuals who have reached an advanced stage of life, often defined as ages 65 and above, with specific health, social, and economic considerations.