To Qualify as an Extraordinary Item,a Gain or Loss Must

Multiple Choice

To qualify as an extraordinary item,a gain or loss must:

A) Affect the income of a prior period.
B) Be larger in amount than any other item in the income statement.
C) Be material in amount,unusual in nature,and not expected to recur.
D) Be associated with a segment of the business that has been discontinued during the current period.