To Be an Extraordinary Item,an Event That Produces a Gain

question 30

True/False

To be an extraordinary item,an event that produces a gain or loss must be either unusual in nature or infrequent in occurrence.

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Definitions:

Return

The amount of profit or loss gained from an investment relative to its initial cost.

Project A

Not a definitive key term without additional context; it likely refers to a specific, named project within a given context. NO.

Net Present Value

The gap between how much cash comes in and goes out, measured in present value terms, during a certain period.

Net Present Value

A comparison of the present value of cash receipts and disbursements over a specific duration.