Select one true false correct extraordinary items are

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the income statement (net-of-tax effect) as part of "Income from continuing operations".Select one:TrueFalse Correct. Extraordinary items are both unusual and infrequent in nature. Extraordinary items appearon the income statement (net-of-tax effect) below "Income from continuing operations".The correct answer is 'False'.
2/19/2018Weekly Quiz 65/6Question 8CorrectMark 1.00 out of 1.00(T / F) Income available to common stockholders is net income plus any dividends on preferredstock.Select one:TrueFalse Correct. Income available to common stockholders is net income less any dividends on preferredstock.The correct answer is 'False'.Question 9CorrectMark 1.00 out of 1.00(T / F) The retained earnings balance of a corporation is part of its paid-in capital.Select one:TrueFalse Correct. The paid-in capital of a corporation only includes capital contributed by stockholders orothers. Thus, it does not include retained earnings.The correct answer is 'False'.
2/19/2018Weekly Quiz 66/6Question 10CorrectMark 1.00 out of 1.00(T / F) The purchase of treasury stock does not affect stockholders' equity.Select one:TrueFalse Correct. The purchase of treasury stock reduces total stockholders' equity.The correct answer is 'False'.

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