If a Company Does Not Have Any Discontinued Operations or Extraordinary

question 113

True/False

If a company does not have any discontinued operations or extraordinary items to list on its income statement, the labels should still be there with a zero balance noted.

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Definitions:

Logical Fallacy

An error in reasoning that renders an argument invalid or undermines the logic of a discussion.

Analogy

A comparison between an unfamiliar idea, thing, or situation and something the audience already understands.

401(K) Retirement Plans

A tax-advantaged retirement savings plan offered by many employers in the United States, allowing employees to save a portion of their paycheck before taxes.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees over a specific period.