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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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    Extraordinary Items
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Extraordinary Items

Question 20

Question 20

Multiple Choice

Extraordinary items:


A) include the expropriation of a company's assets by a foreign government.
B) include the loss from the sale or exchange of equipment.
C) are treated the same under IFRS and GAAP.
D) include the gains and losses due to management restructuring.

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