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  2. Topic
    Business
  3. Study Set
    Financial Accounting and Reporting
  4. Exam
    Exam 14: The Statement of Comprehensive Income and Statement of Changes in Equity
  5. Question
    An Item Must Be Outside the Ordinary Operations of the Business
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An Item Must Be Outside the Ordinary Operations of the Business

Question 28

Question 28

True/False

An item must be outside the ordinary operations of the business or be of a non-recurring nature to be classified as an extraordinary item under IAS 1.

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