Which of the Following Items Should Be Classified as an Extraordinary

question 89

Multiple Choice

Which of the following items should be classified as an extraordinary item on a corporate income statement?

• A) Excess of the selling price over the cost of treasury stock
• B) Loss due to takeover of property by a foreign government
• C) Gain on the sale of a long-term investment
• D) Loss due to discontinued operations

Recognize the legal and ethical considerations in crafting negative messages.

Appreciate the importance of tone, choice of words, and medium in delivering negative messages.

Understand the role of apologies and expressions of sympathy in mitigating the impact of negative news.

Recognize the importance of ending negative messages on a positive note to maintain relationships.

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Definitions:

Dust, Smoke

Small, fine particles of solid matter from various sources, and the visible gaseous product of combustion, respectively, often considered pollutants or irritants.

Labyrinthitis

An inner ear disorder that causes inflammation of the labyrinth, leading to vertigo and potential hearing loss.

Presbycusis

Age-related hearing loss, gradually occurring in individuals as they grow older.

Ruptured Eardrum

A tear or hole in the eardrum (tympanic membrane) that can cause hearing loss and increase the risk of ear infections.