_____ arise from relatively infrequent transactions, and there can be no assurance that they will recur in any future period.
A)Gains/Losses
B)Revenues
C)Expenses
D)Assets
E)Liabilities

Question

Quizplus · Accepted Answer

Gains and losses arise from relatively infrequent transactions, such as the sale of a long-term asset or a one-time legal settlement. Unlike revenues and expenses, gains and losses do not result from the normal operations of a business and cannot be reliably predicted to recur in future periods.

_____ Arise from Relatively Infrequent Transactions, and There Can Be