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

question 116

Multiple Choice

If a material event is either unusual in nature or an infrequent occurrence it is classified on the income statement as a/an

• A)special item in continuing operations.
• B)special item in continuing operations shown net of tax.
• C)extraordinary item.
• D)extraordinary item shown net of tax.

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Definitions:

Golgi Stacks

A structure within the cell composed of a series of flattened membrane sacs involved in the modification, sorting, and packaging of proteins.

Surface Area

The total area of the external surface of a three-dimensional object.

Spherical Shape

Pertains to objects or entities having the shape of a sphere, which is perfectly round in three dimensions.

Peroxisomes

Organelles found in virtually all eukaryotic cells that break down fatty acids and detoxify certain chemicals.