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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Definitions:

Low Birth Weight

A term used when a newborn weighs less than 2,500 grams (5 pounds, 8 ounces) at birth, which can be indicative of health issues or developmental concerns.

Classical Conditioning

A learning process in which an association is made between a previously neutral stimulus and a stimulus that naturally elicits a response.

Neonates

Newborn babies, especially those in the first 28 days of life outside the womb.

Different Tastes

Varied preferences and likes that people have, especially in the context of food, art, culture, etc.