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:

Marriage Resources

Various forms of support, such as financial, emotional, or social, that are available to individuals within a marriage.

Status Considerations

Factors related to an individual's or group's social standing, including wealth, education, and occupation, which influence their interactions and opportunities.

Economic Considerations

Factors or aspects related to finance and economy which influence decisions, policies, or actions in various contexts.

Private Property

Ownership of assets, including land and goods, by individuals or corporations, recognized and protected by law.