How Should an Unusual Event Not Meeting the Criteria for an Extraordinary

question 76

Multiple Choice

How should an unusual event not meeting the criteria for an extraordinary item be disclosed in the financial statements?

• A)Shown as a separate item in operating revenues or expenses if material and supple-mented by a footnote if deemed appropriate.
• B)Shown in operating revenues or expenses if material but not shown as a separate item.
• C)Shown net of income tax after ordinary net earnings but before extraordinary items.
• D)Shown net of income tax after extraordinary items but before net earnings.

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