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aleksley [76]
3 years ago
5

If a material event is either unusual in nature or an infrequent occurrence—such as a one-time charge resulting from a major res

tructuring—it may be classified on the income statement as a special or unusual item in continuing operations or treated as an extraordinary item if it has been a number of years since the company’s last major restructuring.
a. True
b. False
Business
1 answer:
PtichkaEL [24]3 years ago
7 0

Answer:

False

Explanation:

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snow_lady [41]

the answer is true because of the competition

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An investment has been growing at a fixed annual rate of 20% since it was first made; no portion of the investment has been with
Mademuasel [1]

Answer:

The correct option is 2

Explanation:

Let us assume the current value of the investment be x

And the annual growth factor of the investment is 1.2

1. The  investment value has increased or risen by 44% since it was first made

It is known that the combined growth factor of the investment is 1.44 and no information is stated regarding the actual ($) values. Therefore, the unique value could not be computed.

So, this statement lacks information and insufficient to solve for x.

2. 1 year ago, the withdrawn money worth is $600 and at present the worth of the investment would be 12% less than the actual worth.

1 year ago, the value of the investment was x / 1.2. So, the equation could be set up regarding the withdrawal.

The equation would be:

= (x/ 1.2- 600) × (1.2)

=0.88x

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NOTE: The options are missing. So I am providing the answer with the options.

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