An Extraordinary Item Results from

question 11

Multiple Choice

An extraordinary item results from

• A) a segment of the business being sold.
• B) corporate income tax being paid.
• C) a change from one accounting method to another acceptable accounting method.
• D) a transaction or event that is unusual and occurs infrequently.

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Definitions:

Semantic Memory

A type of long-term memory that involves the capacity to recall words, concepts, or numbers, which is essential for the understanding and use of language.

General Knowledge

encompasses a broad range of information across various subjects and disciplines that an individual accumulates throughout life.

Echoic Memory

The sensory register that briefly holds mental representations of auditory stimuli.

Sensory Register

The part of the memory system that processes sensory information from the environment, holding it for a very short period.