The Types of Nonrecurring Items That Must Be Separately Stated

question 105

Multiple Choice

The types of nonrecurring items that must be separately stated on an income statement include:

• A)gains or losses on equipment sales.
• B)gains or losses on discontinued operations.
• C)changes in expenses associated with a tax change.
• D)all of the answers are acceptable.

---

Definitions:

Invasive Procedure

An invasive procedure involves entering the body or breaking the skin barrier through methods such as surgery, injections, or insertion of medical instruments.

High-Level Disinfection

The process of eliminating all microorganisms, except for a small number of spores, from instruments or surfaces using chemical agents.

Autoclave

A pressure chamber used to sterilize equipment and supplies by subjecting them to high-pressure saturated steam at 121 °C or more.

Distilled Water

Water that has been purified by a process of boiling and condensation, removing impurities and minerals.