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:

Peristalsis

A series of wave-like muscle contractions that move food through the digestive tract.

Muscular Contractions

The process of muscle fibers shortening and lengthening to produce movement or maintain posture.

Incisors

The front teeth in mammals, typically characterized by their sharp edges for cutting food.

Complex Carbohydrate

Carbohydrates consisting of long chains of monosaccharide units bound together, offering energy and fiber.