Which of the following items would be reported as its gross amount on the face of the income statement?

a. Extraordinary loss
b. Prior period adjustment
c. Cumulative effect of a change in an accounting principle
d. Unusual gain

Ans: d. Unusual gain

Business

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Failure to select a desired position in the marketplace—and to develop a marketing action plan designed to achieve and hold this position—may result in which of the following possible outcomes?

a. The organization (product) is pushed into a position, where it faces indirect competition from a weaker competitor. b. The organization (product) is pushed into a position that nobody else wants, because there is little customer demand. c. The organization's (product's) position is so blurred that nobody knows what its supplementary aspects really are. d. The organization (product) becomes obsolete before demand can be built. e. The organization (product) cannot sustain growth in lieu of external resources.

Business

Julie has health insurance through her employer. The managed-care health organization used by Julie's employer covers all services for a fixed fee

However, Julie may only use the doctors and health facilities chosen by the managed-care health organization. Julie is most likely a member of a(n) ________. A) point-of-service B) health maintenance organization C) preferred provider organization D) exclusive provider organization

Business