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

question 31

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:

Well-educated

Possessing a high level of education and knowledge, typically achieved through formal schooling and continuous learning.

Relatively Old

A term referring to an object, person, or concept that is considerably aged compared to others in its category.

Millionaire Status

The state of having net assets or a net worth equal to or greater than one million units of a currency.

Modest Income

An income level that is considered to be average or slightly below average in a specific context or community.