Discontinuing a Particular Business Segment Is a Non-Recurring Event,so It

question 39

True/False

Discontinuing a particular business segment is a non-recurring event,so it should be classified as an extraordinary item on the income statement.

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Definitions:

Ratio

A quantitative relationship between two numbers showing the number of times one value contains or is contained within the other.

F-test Statistic

A value used in statistics to compare two variances and determine if they are significantly different, often used in the analysis of variance (ANOVA) tests.

Calculated

The result obtained from mathematical or statistical operations on data or values.

Test Statistic

A calculated value from sample data used in hypothesis testing to determine whether to reject the null hypothesis.