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  3. Study Set
    Principles of Accounting
  4. Exam
    Exam 14: The Corporate Income Statement and the Statement of Stockholders Equity
  5. Question
    Which of the Following Would Have the Least Likelihood of Being
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Which of the Following Would Have the Least Likelihood of Being

Question 2

Question 2

Multiple Choice

Which of the following would have the least likelihood of being treated as an extraordinary item?


A) Uninsured loss from earthquake
B) Gain or loss on sale of equipment
C) Gain or loss arising from enactment of new law
D) Uninsured loss from fire

Correct Answer:

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