Informal groups come together for _________

Popson Inc. incurred a material loss which was not unusual in character, but was clearly an infrequent occurrence. This loss should be reported as:

A. An extraordinary loss. B. A separate line item between income from continuing operations and income from discontinued operations. C. A separate line item within income from continuing operations. D. A separate line item in the retained earnings statement.

Which industry is most likely to operate under a regime of creative destruction?

a. organic chemicals b. telecommunications c. computer disk drives d. all of the above