Question: In 2010, Teller Co. incurred losses arising from its guilty plea in its first antitrust action, and from a substantial increase in production costs caused

In 2010, Teller Co. incurred losses arising from its guilty plea in its first antitrust action, and from a substantial increase in production costs caused when a major supplier’s workers went on strike. Which of these losses should be reported as an extraordinary item?

Antitrust action Production costs

a. No No

b. No Yes

c. Yes No

d. Yes Yes

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