Extraordinary Items and Special Items Are Reported on the Government-Wide

question 51

Multiple Choice

Extraordinary items and special items are reported on the government-wide statement of activities.

• A) With normal recurring general revenues.
• B) As separate line items in the Function/Programs section of the statement of activities.
• C) As separate line items below General Revenues in the statement of activities.
• D) As separate line items above General Revenues.

Assess the impact of estimated activity level on the spread of fixed costs and the costing of unused capacity.

Identify the factors that influence the selection of a base for assigning overhead costs.

Analyze the effects of actual overhead and labor hours differing from estimated amounts on the application of manufacturing overhead.

Compute total manufacturing cost and cost of goods sold for specific jobs under a job-order costing system.

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Definitions:

Applicant Tracking System

Software used by employers to manage job applications and streamline the hiring process.

Recruitment Statistics

Data and metrics related to the process of attracting, selecting, and appointing suitable candidates for jobs within an organization.

Outplacement Services

Support services provided by companies to help terminated employees transition to new jobs, including resume writing and interview training.

Terminated Employees

Individuals whose employment contracts have been ended by their employers due to various reasons such as layoffs, misconduct, or organizational changes.