Question : ________________are incomes and expenses that arise from events or transactions that are clearly distinct from the ordinary business activities of the enterprise and, therefore, are not expected to recur frequently or regularly.

Option 1: Non-operating income

Option 2: Operating income

Option 3: Extraordinary items

Option 4: Operating expenses

Question :

Incomes/expenses that arise from transactions that are clearly different from the ordinary business activities and therefore are not expected to incur frequently are called:- 

Option 1:

Prior period items

Option 2:

Extraordinary items

Option 3:

Abnormal items

Option 4:

Non-ordinary items

Question : Payment for buy-back of Shares is an example of

Option 1: Extraordinary items of Operating activities

Option 2: Extraordinary items of Investing Activities

Option 3: Extraordinary items of financing Activities

Option 4: None of the above

Question : Payment for buy-back of Shares is an example of

Option 1: Extraordinary items of Operating activities

Option 2: Extraordinary items of Investing Activities

Option 3: Extraordinary items of financing Activities

Option 4: None of the above

Question : Compensation paid to employees under Voluntary Retirement Scheme is a example of ____________.

Option 1: Extraordinary items of Operating activities

Option 2: Extraordinary items of Investing Activities

Option 3: Extraordinary items of financing Activities

Option 4: None of the above