Question: What is the difference between an extraordinary item and special item according to GASB standards? Multiple Choice Extraordinary items are significant transactions or events that
What is the difference between an extraordinary item and special item according to GASB standards?
Multiple Choice
Extraordinary items are significant transactions or events that are unusual or infrequent while a special
item is a significant transaction that is unusual and infrequent but within management's control.
Extraordinary items are significant transactions or events that are unusual and infrequent that are outside
management's control while a special item is a significant transaction that is unusual or infrequent but
within management's control.
Extraordinary items are significant transactions or events that are unusual and infrequent which are within
management's control while a special item is a significant transaction that is unusual or infrequent but
within management's control.
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