The FASB Has Defined Three Items That Need to Be

question 266

True/False

The FASB has defined three items that need to be separated from the regular earnings of a business: discontinued operations,other income and expenses,and extraordinary items.

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Definitions:

Main Components

The primary or essential parts of a system, concept, or object that define its structure or function.

Connectives

Logical operators in a language that link propositions together to form compound propositions, such as "and," "or," "if...then."

Main Connective

In logic, the operator that determines the overall value of a compound statement.

Symbolic Notation

Symbolic notation is the use of symbols and abbreviations to represent objects, operations, relations, and concepts, especially in mathematics and logic.