Which of the following is considered a permanent item when assessing earnings quality?
A) a gain of the disposal of a truck
B) a loss on the sale of a machine which had been used in operations
C) general and administrative expenses of the corporate headquarters
D) a gain on discontinued operations

Question

Quizplus · Accepted Answer

General and administrative expenses are recurring and ongoing costs necessary for the operation of a business, making them a permanent item in assessing earnings quality.

Which of the Following Is Considered a Permanent Item When