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    Financial Accounting Study Set 8
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    Exam 11: Evaluating Performance: Earnings Quality, the Income Statement, the Statement of Comprehensive Income
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    An Event or Transaction Should Be Reported as an Extraordinary
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An Event or Transaction Should Be Reported as an Extraordinary

Question 111

Question 111

True/False

An event or transaction should be reported as an extraordinary item if it is unusual in nature and if it occurs infrequently.

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