Non-Recurring Items That Are Unusual and Infrequent and the Results

question 63

True/False

Non-recurring items that are unusual and infrequent and the results of discontinued operations are shown in the income statement net of any related income tax effects.

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Definitions:

Chronic Villus Sampling

A prenatal test in which a small sample of the chorionic villi is taken from the placenta for testing.

Amniocentesis

is a medical procedure used in prenatal diagnosis, where a small amount of amniotic fluid is sampled from the amniotic sac around a developing fetus to test for genetic conditions and diseases.

Apgar Screen

A method used to quickly assess the health of a newborn immediately after birth, covering criteria like heart rate, respiration, muscle tone, reflex response, and color.

Polygenic Inheritance

Inheritance in which a combination of multiple gene pairs is responsible for the production of a particular trait.