T f extraordinary items are both usual and

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(T / F) Extraordinary items are both usual and interesting in nature. Extraordinary items appear on the income statement (net-of-tax effect) as part of "Income from continuing operations". Select one: True False Correct. Extraordinary items are both unusual and infrequent in nature. Extraordinary items appear on the income statement (net-of-tax effect) below "Income from continuing operations".
(T / F) Income available to common stockholders is net income plus any dividends on preferred stock.
True False Correct. Income available to common stockholders is net income less any dividends on preferred stock.
Question Correct (T / F) The retained earnings balance of a corporation is part of its paid-in capital. 9 Mark 1.00 out of
1.00 Question 10 (T / F) The purchase of treasury stock does not affect stockholders' equity. Correct Mark 1.00 out of True False Correct. The paid-in capital of a corporation only includes capital contributed by stockholders or others. Thus, it does not include retained earnings.
1.00 True False Correct. The purchase of treasury stock reduces total stockholders' equity. ◄ Module 6 PowerPoint (Accessible) Jump to... Assessment 6 ►

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