Which of the Following Is NOT a Generally Practised Method

question 13

Multiple Choice

Which of the following is NOT a generally practised method of presenting the income statement?

• A)Including corrections of errors made in a prior period.
• B)The single-step income statement.
• C)The consolidated statement of income.
• D)Including gains and losses from discontinued operations of a segment of a business in determining net income.

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Definitions:

Activities

Tasks or actions that are undertaken for various purposes such as leisure, learning, or physical exercise.

Autonomic Nervous System

This system manages involuntary physiological functions including heart rate, digestion, and respiratory rate, operating below the level of consciousness.

Body Temperature

The measure of the body's ability to generate and get rid of heat, vital for the proper functional regulation of the human body.

Homeostasis

The tendency of a biological system to maintain stability while adjusting to conditions that are optimal for survival.