If an Item Is Unusual but Not Infrequent It Is

question 1

Multiple Choice

If an item is unusual but not infrequent it is:

• A)reported net of tax as Other Gains and Losses.
• B)reported at its gross amount as Other Gains and Losses.
• C)disclosed as a note to the financial statements.
• D)reported as an extraordinary item.

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Definitions:

Electromyogram

An electromyogram (EMG) is a diagnostic procedure to assess the health of muscles and the nerve cells that control them (motor neurons) by recording the electrical activity produced by skeletal muscles.

Electroencephalogram

A test that measures the electrical activity of the brain using small, flat metal discs attached to the scalp.

Physiological

Pertaining to the functions and processes within living organisms and their parts.

Behavioral

Relating to or concerned with the actions or activities of living organisms, often in response to environmental or psychological stimuli.