Extraordinary Items Will Be Included in the Income Statement

Multiple Choice

Extraordinary items will be included in the income statement:

A) When they are material and need to be disclosed separately.
B) When an item of revenue or expense is attributable to an event outside the ordinary course of business.
C) When an expense or a revenue is of a non-recurring nature.
D) When an item of revenue or expense is attributable to an event outside the ordinary course of business and when an expense or a revenue is of a non-recurring nature.
E) None of the given answers.