An Extraordinary Item Can Result from

question 112

Multiple Choice

An extraordinary item can result from

• A) a segment of the business being sold
• B) corporate income tax being paid
• C) a change from one accounting method to another acceptable accounting method
• D) a transaction or event that is unusual and occurs infrequently

---

Definitions:

Ex-Confederate States

The states that seceded from the Union and formed the Confederacy during the American Civil War, working to reintegrate into the United States post-war.

Fourteenth Amendment

An amendment to the United States Constitution granting citizenship to all persons born or naturalized in the U.S. and protecting civil liberties.

Confederate States

Constitutes the group of southern states that seceded from the United States from 1860-1861, leading to the American Civil War.