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Which of the Following Would Be Considered an Extraordinary Item

Question 47

Multiple Choice

Which of the following would be considered an extraordinary item?

I. Write-down of receivables
II. Gains on disposal of a business segment
III. Loss of inventory resulting from a fire
IV. Loss resulting from a strike


A) I and IV
B) I, III, and IV
C) III only
D) I, II, and III

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