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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
    An Extraordinary Item Is
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An Extraordinary Item Is

Question 38

Question 38

Multiple Choice

An extraordinary item is:


A) both infrequent in occurrence and unusual in nature for the company.
B) unusual in nature for the company only.
C) infrequent in occurrence for the company only.
D) commonly reported by companies following U.S.Generally Accepted Accounting Principles.

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