Indicate which of the following items would be reported as an extraordinary item on Denison Corporation’s income statement.
(a) Loss from damages caused by a volcano eruption.
(b) Loss from the sale of short-term investments.
(c) Loss attributable to a labor strike.
(d) Loss caused when the Food and Drug Administration prohibited the manufacture and sale of a product line.
(e) Loss of inventory from flood damage because a warehouse is located on a flood plain that floods every 5 to 10 years.
(f) Loss on the write-down of outdated inventory.
(g) Loss from a foreign government’s expropriation of a production facility.
(h) Loss from damage to a warehouse in southern California from a minor earthquake.