A Special One-Time Charge Resulting from Corporate Restructurings Would Be

question 109

Multiple Choice

A special one-time charge resulting from corporate restructurings would be reported on the income statement as a/an

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

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Definitions:

Petty Cash Fund

A minimal sum of money kept in reserve for covering minor costs that aren't worth issuing a check for.

Petty Cash Custodian

The person responsible for managing a small amount of cash for minor, routine business expenses.

Postage Due

The fee charged for delivering mail for which sufficient postage has not been prepaid by the sender.

Replenish

The act of refilling or restoring to its original level, often used in reference to inventory or petty cash funds.