Which of the Following Items,if Material in Amount Would Normally

question 30

Multiple Choice

Which of the following items,if material in amount would normally be considered an extraordinary item for reporting results of operations?

• A)Utilization of a net operating loss carryforward
• B)Gains or losses on disposal of a segment of a business
• C)Adjustments of accruals on long-term contracts
• D)Gains or losses from a fire

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Definitions:

Negative Effects

Unintended detrimental outcomes or impacts resulting from an action, policy, or event.

Early 20th Century

A period marked by significant global events, technological advancements, and cultural shifts between 1901 and 1950.

The Stranger

A social role described by sociologist Georg Simmel, referring to an individual who is part of a society but remains distanced or detached from it, thus offering unique perspectives.

Part

within a sociological context typically refers to an individual or group's role or segment in the larger social system or structure.