Which of the Following Would Appear as an Extraordinary Item

question 139

Multiple Choice

Which of the following would appear as an extraordinary 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) loss from land condemned for public use
• D) liquidating dividend

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Definitions:

Branches

Refers to the limbs extending from the trunk of a tree or the subdivisions of a larger concept or system.

Axon

A part of a neuron that carries electrical impulses away from the neuron's cell body, responsible for transmitting information to different neurons, muscles, and glands.

Facilitator

An individual who makes an action or process easy or easier, often used in the context of learning or group activities.

Communication

The process of transferring information, ideas, and feelings between individuals or groups through spoken words, written text, or other methods.