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    Financial Reporting Financial Statement
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    Exam 1: Overview of Financial Reporting, Financial Statement Analysis, and Valuation
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    Which of the Following Is Not a Characteristic of an Extraordinary
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Which of the Following Is Not a Characteristic of an Extraordinary

Question 96

Question 96

Multiple Choice

Which of the following is not a characteristic of an extraordinary item?


A) Material in amount.
B) Nonrecurring.
C) Unusual given the nature of the firm's activities.
D) Requires a cash outflow.

Correct Answer:

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