In analysis of income,for purposes of determining a trend,extraordinary items should be included.

Name: In analysis of income,for purposes of determining a trend,extraordinary items should be included.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Extraordinary items are non-recurring and unusual events that may significantly impact a company's income. As they do not represent the company's ongoing operations, they are not useful for determining a trend. Therefore, for trend analysis, extraordinary items should be excluded.

In Analysis of Income,for Purposes of Determining a Trend,extraordinary Items