In the VALS Framework, a Person's Resources Include All of the Following

question 14

Multiple Choice

In the VALS framework, a person's resources include all of the following except

• A)material.
• B)emotional.
• C)temporal.
• D)psychological.
• E)demographic.

---

Definitions:

Extraordinary Items

Events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence, no longer classified separately in financial statements as of recent accounting standards.

Financial Statements

Reports that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.

Extraordinary Gains

Unusual and infrequent gains that are reported separately from regular income because they result from events that are not part of the company's usual business activities.

Footnote Disclosure

Additional information provided at the bottom of financial statements, offering more detail on specific figures or accounting policies.