Extraordinary Items

question 144

Multiple Choice

Extraordinary items:

• A) are rare because the rules are restrictive.
• B) include gains and losses from sales of noncurrent assets.
• C) are recurring and frequent in occurrence.
• D) are included in the determination of gross profit.

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Definitions:

Goal-setting Research

Studies focusing on how setting goals influences performance, motivation, and achievement.

Procedural Justice

The fairness in the processes that resolve disputes and allocate resources.

Rules and Procedures

Established guidelines and systematic methods designed to organize and standardize actions within an organization or activity.

Personal in Nature

Refers to something that is intended for or affects an individual in a private, intimate, or personal capacity.