Which of the Following Would Appear as an Unusual Item

question 54

Multiple Choice

Which of the following would appear as an unusual item on the income statement?

• A) loss resulting from the sale of fixed assets
• B) gain resulting from the disposal of a segment of the business
• C) presentation of earnings per share
• D) stock split

---

Definitions:

Selling Inventory

The process of converting a company's inventory into sales or revenue, typically reflecting the cost of goods sold and revenue generated.

Bank Reconciliation

The process of matching and adjusting the balance of an entity's bank account against its financial records to ensure accuracy.

Deposits in Transit

Deposits in transit refer to funds that have been received and recorded by a business but not yet reflected in the bank's records.

Service Charges

Fees charged for providing a particular service, often seen in banking and accommodations.