Extraordinary Items

question 129

Multiple Choice

Extraordinary items:

• A)are treated the same under IFRS and GAAP.
• B)include a loss from a lawsuit.
• C)include the expropriation of a company's assets by a foreign government.
• D)include a loss from the sale of plant assets.

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Definitions:

Isovolumetric Contraction

A phase of the cardiac cycle during which the ventricles contract with no change in blood volume, because all heart valves are closed.

Pressure

The force exerted by a substance per unit area on another substance or on a surface, measured in units such as Pascals.

Ventricular Repolarization

The process by which the heart's ventricles return to their resting state after contraction, indicated by the T-wave in an ECG.

ECG

Electrocardiogram, a test that records the electrical activity of the heart to detect heart problems.