Which of the Following Is Considered an Unusual Item Affecting

question 105

Multiple Choice

Which of the following is considered an unusual item affecting the prior period's income statement?

• A) Change in accounting principles
• B) Fixed asset impairments
• C) Extraordinary item
• D) Discontinued operations

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Definitions:

Outcome Control

The regulation and monitoring of results or outputs, often in a business or organizational context.

Bargaining Positions

The contextual stances parties take in negotiation scenarios influenced by their needs, desires, expectations, and the power balance.

Win-win

describes a situation or outcome where all parties involved benefit or are satisfied with the resolution.

Concessions

Negotiations or compromises made by resolving parties to reach an agreement.