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:

Park Ranger

A professional responsible for protecting and conserving parklands, ensuring the safety of visitors, and educating the public about natural and historical resources.

Pronoun

A word used to substitute for a noun or noun phrase, often to avoid repetition and manage coherence; examples include "he," "she," "it," "they."

Trophy

A physical representation, often an ornamental cup or statue, awarded as a prize for achievement in a competition or event.

Pronoun

A grammatical term referring to words that substitute for nouns or noun phrases, facilitating brevity and variety in speech and writing.