Both U.S. GAAP and IFRS classify gains and losses that are both unusual in nature and infrequent in occurrence as extraordinary and present them in a separate section of the income statement

a. True
b. False
Indicate whether the statement is true or false

False

Business

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In the communication process, the person for whom the message is intended is the __________

Fill in the blank(s) with the appropriate word(s).

Business

Customers usually know a good deal about ________ and are loyal to specific brands

A) specialty products B) homogeneous products C) impulse products D) MRO products E) emergency products

Business