A Material Item Which Is Unusual in Nature or Infrequent

question 89

Short Answer

A material item which is unusual in nature or infrequent in occurrence, but not both should be shown in the income statement

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Definitions:

Power Distance

A cultural dimension that describes the extent to which inequality and power disparities are accepted and perpetuated within a society or organization.

Power Distance

A cultural dimension that describes the extent to which individuals in a society accept and expect that power is distributed unequally.

Leadership

The ability to guide, influence, or direct individuals or groups toward achieving set goals or objectives.

Equal Opportunity

Policies and practices that ensure all individuals have a fair chance to succeed without discrimination based on race, gender, age, and other personal characteristics.