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  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 17: Analysis of Financial Statements
  5. Question
    In Order to Be Classified as an Extraordinary Gain or Loss
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In Order to Be Classified as an Extraordinary Gain or Loss

Question 16

Question 16

Short Answer

In order to be classified as an extraordinary gain or loss, the item must be both (1) ____________ and (2) ________.

Correct Answer:

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unusual; infrequent ...

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