NAIMMCQ Economics To be classified as "extraordinary" on the income statement, an expense item must be nonrecurring, material and differ significantly from a company's typical activities. In addition, it must be:

To be classified as "extraordinary" on the income statement, an expense item must be nonrecurring, material and differ significantly from a company's typical activities. In addition, it must be:

Economics

To be classified as "extraordinary" on the income statement, an expense item must be nonrecurring, material and differ significantly from a company's typical activities. In addition, it must be:

A) Attributable to a specific segment
B) Reported as part of operating income
C) Unusual and infrequent
D) Unpredictable or unforeseeable

Answer: C

NAIMMCQ

To be classified as "extraordinary" on the income statement, an expense item must be nonrecurring, material and differ significantly from a company's typical activities. In addition, it must be:

To be classified as "extraordinary" on the income statement, an expense item must be nonrecurring, material and differ significantly from a company's typical activities. In addition, it must be:

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