Which of the Following Items Should Be Classified as an Extraordinary

question 149

Multiple Choice

Which of the following items should be classified as an extraordinary item on a corporate income statement?

• A) gain on the retirement of a bond payable
• B) loss from land condemned for public use
• C) loss due to an discontinued operation
• D) selling treasury stock for more than the company paid for it

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An advertising strategy that focuses on low-cost unconventional marketing tactics that yield maximum results, often involving surprise or creative engagement.

Guerrilla Marketing

An advertising strategy that uses unconventional, low-cost tactics to create engaging and unexpected encounters with the brand, targeting consumers in unexpected places.

Global Warming

The long-term increase in Earth's average surface temperature due to human activities, particularly emissions of greenhouse gases.

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A method for individuals or companies to compensate for their carbon emissions by funding an equivalent carbon dioxide saving elsewhere.