Which of the Following Items on the Income Statement Is

question 18

Multiple Choice

Which of the following items on the income statement is not disclosed net of tax?

• A)Unusual or infrequent item disclosed separately
• B)Discontinued operations
• C)Extraordinary loss
• D)Cumulative effect of change in accounting principle
• E)Unusual or infrequent item disclosed separately and discontinued operations are both not disclosed net of tax

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Definitions:

Receptors

Specialized cells or protein molecules that detect and respond to chemical or environmental stimuli, playing a key role in sensory systems.

Axons

Long, slender projections of nerve cells that transmit electrical impulses away from the neuron's cell body.

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors via intermediate bipolar cells and transmit it to the brain.

Optic Nerve

The nerve that transmits visual information from the retina to the brain, allowing for the perception of visual stimuli.