Under IFRS, items of income and expenses are not allowed to be presented as extraordinary in the
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Explain what reasons the IASB might have had to eliminate the separate reporting of extraordinary items.
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In order to qualify as an extraordinary item the company had to show that the material event was not ...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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