If a Material Event Is Either Unusual in Nature or an Infrequent

question 27

True/False

If a material event is either unusual in nature or an infrequent occurrence-such as a one-time charge resulting from a major restructuring-it may be classified on the income statement as a special or unusual item in continuing operations or treated as an extraordinary item if it has been a number of years since the company's last major restructuring.

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Definitions:

Hydrogenation

The chemical reaction that adds hydrogen (H2) across unsaturated bonds in molecules, such as converting alkenes to alkanes.

ΔH°

The standard enthalpy change of a reaction, measured under standard conditions (1 atm, 298.15K), representing the difference in enthalpy between products and reactants.

Stability

The resistance of a chemical compound to change in its chemical structure or composition under specific conditions.

Descriptive Term

A word or phrase that describes or characterizes an object, situation, or concept without expressing its inherent nature.