Indicate which of the items below should be reported in the financial statements as an extraordinary item.Assume the dollar amounts associated with all items are material.
The items are:
Definitions:
Ethnic Group
A community or population made up of people who share a common cultural background or descent, including language, tradition, and often religion or geographic origin.
Fortune 500
An annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years.
CEO
The CEO holds the highest position in a corporation or institution, tasked with the supreme duty of overseeing management decisions.
Discriminatory Behaviour
Actions that treat individuals or groups unfairly based on characteristics such as race, gender, age, or sexual orientation.
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