If a Company Reports an Extraordinary Gain, EPS Must Be

question 81

True/False

If a company reports an extraordinary gain, EPS must be disclosed for both income from continuing operations and net income.

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Definitions:

Awake

The state of being conscious, alert, and aware of one's surroundings after sleep.

Proactive Interference

Proactive interference occurs when old information hinders the recall of newly learned information.

Retroactive Interference

A phenomenon in which newer memories interfere with the recall of older memories already stored in the brain.

Encoding Failure

The inability to create a memory link because information was not adequately encoded in the brain for storage.