Which of the Following Is an Example of a Dynamic

question 97

Multiple Choice

Which of the following is an example of a dynamic process?

• A)Samsung accepts the return of a defective television from its dealer.
• B)Starbucks places an order for coffee beans from its local supplier.
• C)Amazon.com hires customer service representatives to help customers with their online orders.
• D)Nike uses Facebook and Twitter to generate buzz about its new line of running shoes.

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Definitions:

Extraordinary Items

Events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence, no longer classified separately in financial statements as of recent accounting standards.

Financial Statements

Reports that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.

Extraordinary Gains

Unusual and infrequent gains that are reported separately from regular income because they result from events that are not part of the company's usual business activities.

Footnote Disclosure

Additional information provided at the bottom of financial statements, offering more detail on specific figures or accounting policies.