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.

Grasp the significance of having a vision as an entrepreneur and how it drives the entrepreneurial process.

Understand the differences in business ownership rates in economies driven by innovation and their impact on entrepreneurship.

Analyze the role of different financing options for entrepreneurs, including the pros and cons of using personal credit cards and sourcing funds from angel investors and venture capitalists.

Understand the principles of operant conditioning, including reinforcement, punishment, and schedules of reinforcement.