Extraordinary items warrant exclusion to judge true operating performance of a business enterprise. Elaborate. Give 3 examples
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“Extraordinary items warrant exclusion to judge true operating performance of a business enterprise.”
Elaborate. Give 3 examples each of abnormal losses and of abnormal gains.
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Answer The concept of extraordinary items in accounting pertains to events or transactions that are both unusual and infrequent These items are consid...View the full answer
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Related Book For
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
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