Extraordinary Items There are times when a company faces unusual and infrequent gains and losses. These are accounted and reported as extraordinary items in the financial statement. To identify: The types of items reported in extraordinary items section of the income statement.

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Chapter 15, Problem 15RQ

To determine

Extraordinary Items

There are times when a company faces unusual and infrequent gains and losses. These are accounted and reported as extraordinary items in the financial statement.

To identify: The types of items reported in extraordinary items section of the income statement.

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