Under Which of the Following Conditions Would Hurricane Damage Be

Multiple Choice

Under which of the following conditions would hurricane damage be considered an extraordinary item for financial reporting purposes?

A) Under any circumstances hurricane damage should be classified as an extraordinary item.
B) Only if hurricanes are unusual in nature and infrequent in occurrence in the geographic area
C) Only if hurricanes are normal in the geographic area but do not occur frequently
D) Only if hurricanes occur frequently in the geographic area but have been insured against