An Entity That Reports a Discontinued Operation or an Extraordinary

question 38

Multiple Choice

An entity that reports a discontinued operation or an extraordinary item shall present basic and diluted earnings per share amounts for those line items

• A) either on the face of the income statement or in the notes to the financial statements.
• B) only in the notes to the financial statements.
• C) only on the face of the income statement.
• D) only if management chooses to do so as these amounts are not required to be disclosed either in the financial statements or the notes thereto.

---

Definitions:

Maintenance Function

An activity essential to effective, satisfying interpersonal relationships within a team or group.

Harmonizing Conflict

involves the process of resolving disputes and differences in a manner that promotes unity and cooperation among parties involved.

Evaluating Effectiveness

The process of assessing how well a plan, program, or project achieves its objectives and desired outcomes.

Cohesion

The force that holds a group together by promoting feelings of unity and purpose among its members.