Separately Disclosing an Income or Expense Item as an Extraordinary

question 48

Multiple Choice

Separately disclosing an income or expense item as an extraordinary item in the income statement

• A)is a very common practice.
• B)is popular with executives
• C)is no longer permissible.
• D)is popular with shareholders

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Definitions:

Experience

the knowledge or skill acquired by a person through involvement in or exposure to events over time.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity.

Acceptable Behavior

Actions or conduct considered appropriate, respectable, or within the norms and standards of a particular group, society, or culture.

Real Task

The actual duty or assignment that needs to be accomplished, in contrast to tasks perceived as unnecessary or irrelevant.