Which of the Following Is Considered an Unusual Item Affecting

question 20

Multiple Choice

Which of the following is considered an unusual item affecting the prior period's income statement?

• A) a change in accounting principles
• B) fixed asset impairments
• C) an extraordinary item
• D) discontinued operations

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Definitions:

Rights

Entitlements or permissions granted to individuals or groups, usually protected by law or moral principle, allowing them certain freedoms or claims.

Performance in the Workplace

The degree to which an employee executes their job duties and responsibilities effectively and efficiently.

Justice

The concept of moral rightness based on ethics, rationality, law, natural law, religion, equity, and fairness, as well as the administration of the law.

Kohlberg's Stages

A theory in psychology that categorizes the development of moral reasoning into different levels and stages, from pre-conventional to conventional to post-conventional morality.