Which of the Following Best Describes Extraordinary Items on the Income

question 110

Multiple Choice

Which of the following best describes extraordinary items on the income statement?

• A) The gains and losses from transactions that are not part of the normal operations of the business
• B) The income or loss from segments of the business that have been sold or terminated
• C) The income or loss generated from unusual and infrequent events
• D) The income or loss generated from the normal operations of the business

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