True/False
For item to be considered extraordinary, it should be either unusual in nature or infrequent in occurrence.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: For companies in an expansion phase, capitalizing
Q13: When a company disposes of a segment
Q14: Accounting errors are considered accounting changes and
Q15: Which of the following is not an
Q16: The matching principle in accounting prescribes that
Q18: Accounting changes are usually cosmetic and do
Q19: Metals Corp. has four factories with
Q20: Which of the following statements is incorrect?<br>A)Employee
Q21: Generally revenue should be recorded when it
Q22: You are reading the 2006 annual report