Segregating a Company's Recurring Operating Income from Nonrecurring Income Sources

question 49

Multiple Choice

Segregating a company's recurring operating income from nonrecurring income sources is useful because

• A) recurring income is constantly changing.
• B) nonrecurring income is subject to greater management bias and uncertainty.
• C) results from continuing operations have greater significance for predicting future performance.
• D) nonrecurring income is irrelevant to stakeholders.

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Definitions:

Abnormal Behavior

Patterns of emotion, thought, and action deemed pathological for one or more reasons, including discomfort, dysfunction, distress, or deviation from the norm.

Conscious Mental Processes

Thoughts, perceptions, and feelings of which an individual is aware at any given moment.

Biological Model

A perspective in psychology and medicine that attributes psychological disorders and behaviors to biological factors, such as genetic inheritance, brain chemistry, and anatomy.

Abnormal Behavior

Patterns of emotion, thought, or action considered pathological for cultural, societal, or situational contexts.