The Primary Purpose of Showing Special Types of Events Separately

question 3

Multiple Choice

The primary purpose of showing special types of events separately in the income statement is to:

• A) Increase earnings per share.
• B) Assist users of the income statement in evaluating the profitability of normal, ongoing operations.
• C) Minimize the income taxes paid on the results of ongoing operations.
• D) Prevent unusual losses from recurring.

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Definitions:

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, including heart rate, digestion, and respiratory rate.

Central Nervous System

The complex of nerve tissues that controls the activities of the body, principally consisting of the brain and spinal cord.

Somatic Nervous System

Part of the peripheral nervous system that handles voluntary control of body movements through the control of skeletal muscles.

Voluntary Nervous System

Refers to the part of the nervous system that governs voluntary movements of the body, typically associated with the somatic nervous system.