Gains and Losses That Are Neither Unusual nor Infrequent Are

question 126

Multiple Choice

Gains and losses that are neither unusual nor infrequent are reported as:

• A)A separate line item when computing earnings per share.
• B)A prior period adjustment on the statement of retained earnings.
• C)A gain or loss from disposing of the discontinued segment's net assets.
• D)A gain or loss from operation of a discontinued segment.
• E)Part of continuing operations.

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Definitions:

Lower Eyelid

The lower portion of skin and tissue that covers and protects the eye; essential in the blink reflex and helps maintain eye moisture.

Sublingual Nitroglycerin

A medication used to relieve chest pain (angina) by dissolving under the tongue for rapid absorption into the bloodstream.

Swallowing

The process by which food moves from the mouth to the stomach through coordinated muscle contractions.

Aspiration Risk

The potential for breathing in foreign objects or liquids into the lungs.