An Example of an Extraordinary Gain or Loss Is

Multiple Choice

An example of an extraordinary gain or loss is:

A) A large loss arising from inability to collect an account receivable from a bankrupt customer.
B) A large gain from disposal of a segment of the business.
C) A gain or loss from sale of an expensive machine no longer needed in the business.
D) A loss due to the expropriation of assets by a foreign government.