Extraordinary Items

question 166

Multiple Choice

Extraordinary items:

• A)Are not reported on a corporate income statement.
• B)Are included in income from operations.
• C)Are unusual and infrequent.
• D)Include changes in accounting principle.
• E)Are disclosed before discontinued operations on the income statement.

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Definitions:

Plus or Minus

A tolerance indicating that a certain measurement may vary, either more or less, by a specified amount.

Symbol

An indicator, emblem, or phrase that conveys, represents, or is identified with a notion, item, or linkage.

Theoretical Size

The ideal, nominal size of a part or feature as defined in drawings, before tolerances are applied.

Limits

In engineering and manufacturing, limits refer to the maximum and minimum dimensions a part can have to be considered acceptable.