Which of the following is NOT true about unusual or infrequent events?
A)They may be segmented from other results on the income statement.
B)They are treated the same way as extraordinary items on the income statement
C)These items are often reported with other non-operating items.
D)They include events like labour disputes and organizational restructuring.

Question

Quizplus · Accepted Answer

Unusual or infrequent events are not treated the same way as extraordinary items on the income statement. Extraordinary items are events that are both unusual and infrequent, and they are reported separately from other items on the income statement.

Which of the Following Is NOT True About Unusual or Infrequent