An Example of an Extraordinary Gain or Loss Is

question 24

Multiple Choice

An example of an extraordinary gain or loss is:

• A)A large loss arising from inability to collect an account receivable from a bankrupt customer.
• B)A large gain from disposal of a segment of the business.
• C)A gain or loss from sale of an expensive machine no longer needed in the business.
• D)A loss due to the expropriation of assets by a foreign government.

---

Definitions:

Argument

A set of statements including premises and a conclusion, intended to persuade that the conclusion is true based on the premises.

Description

The act of giving a detailed account or explanation about someone or something.

Moved Away

The act of leaving a specific place or position to go to another location.

First Day

The initial day of a particular period or event.