Which of the Following Items Is Not Likely an Extraordinary

question 73

Multiple Choice

Which of the following items is not likely an extraordinary item?

• A)Write down of inventories.
• B)Condemnation of property by the city government.
• C)Loss of use of property due to a new and unexpected environmental regulation.
• D)Loss due to an unusual and infrequent calamity.
• E)Expropriation of property by a foreign government.

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Definitions:

ETFs

Exchange-Traded Funds, investment funds that are traded on stock exchanges, much like stocks, but hold assets such as stocks, commodities, or bonds.

Front-end Load

A fee paid when purchasing shares of a mutual fund or other investment, typically used to cover commission expenses.

Expense Ratio

A measure depicting the percentage of a fund's assets that are used for administrative and other operating expenses, directly affecting investors' returns.

Mutual Fund

An investment company pooling and managing funds of investors.