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  3. Study Set
    Financial Accounting Study Set 8
  4. Exam
    Exam 11: Evaluating Performance: Earnings Quality, the Income Statement, the Statement of Comprehensive Income
  5. Question
    If an Item Is Unusual but Not Infrequent It Is
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If an Item Is Unusual but Not Infrequent It Is

Question 1

Question 1

Multiple Choice

If an item is unusual but not infrequent it is:


A) reported net of tax as Other Gains and Losses.
B) reported at its gross amount as Other Gains and Losses.
C) disclosed as a note to the financial statements.
D) reported as an extraordinary item.

Correct Answer:

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