Extraordinary Items of Income and Expense

question 45

Multiple Choice

Extraordinary items of income and expense:

• A) must be disclosed in the statement of profit or loss and other comprehensive income.
• B) were previously disclosed together with the entity's normal trading activities.
• C) must be disclosed in the notes to the financial statements.
• D) are prohibited from being disclosed either in the statement of profit or loss and other comprehensive income or in the notes.

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Definitions:

Klinefelter's Syndrome

A genetic condition in males characterized by the presence of an extra X chromosome, leading to various physical and cognitive effects.

XXY Pattern

A chromosomal arrangement in humans associated with Klinefelter syndrome, characterized by the presence of an extra X chromosome in males.

Cross-Sectional Design

A research method that involves observing subjects from different demographics and backgrounds at a single point in time to compare and contrast.

Recessive Genes

Genes that are expressed in offspring only when inherited from both parents, as opposed to dominant genes, which are expressed when inherited from at least one parent.