Which of the Following Should Be Classified as an Extraordinary

question 121

Multiple Choice

Which of the following should be classified as an extraordinary item on the income statement?

• A) gain on a sale of a long-term investment
• B) loss due to discontinued operations
• C) restructuring charges
• D) loss resulting from an infrequent natural disaster

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Definitions:

Face-To-Face Encounter

A direct interaction between two or more individuals in the same physical space.

Purchase Decision

The final decision made by consumers regarding what, when, and from whom to buy a product or service.

Data Transmission

The act of transferring data or information between devices or locations.

Creative Arts

Various forms of artistic expressions including painting, music, literature, and dance that stimulate creativity and imagination.