menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Business Reporting
  4. Exam
    Exam 6: Income Statement and Statement of Changes in Equity
  5. Question
    Separately Disclosing an Income or Expense Item as an Extraordinary
Solved

Separately Disclosing an Income or Expense Item as an Extraordinary

Question 48

Question 48

Multiple Choice

Separately disclosing an income or expense item as an extraordinary item in the income statement


A) is a very common practice.
B) is popular with executives
C) is no longer permissible.
D) is popular with shareholders

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q43: For a retailing or manufacturing entity,profit is

Q44: When the value of an asset is

Q45: Increases in economic benefits during the accounting

Q46: Which of the following could be found

Q47: Expenses classified by nature would not include:<br>A)manufacturing

Q49: A machine is purchased for $130 000.It

Q50: Office supplies purchased in bulk are initially

Q51: If owners' equity at the beginning of

Q52: _ earnings refers to earnings that are

Q53: Most listed companies are required to report

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines