Extraordinary Items

question 166

Multiple Choice

Extraordinary items:

• A)Are not reported on a corporate income statement.
• B)Are included in income from operations.
• C)Are unusual and infrequent.
• D)Include changes in accounting principle.
• E)Are disclosed before discontinued operations on the income statement.

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Definitions:

Interrupt

To stop a process or activity temporarily or permanently by causing a disruption or intervention.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions, emphasizing spontaneity and variety in thought.

Clarification Responses

Communications that aim to clear up misunderstandings or provide additional information to ensure comprehension.

Drinking

The act of consuming liquids, but often specifically refers to the consumption of alcohol.