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1.reported above the line. 2.unusual and infrequent. 3.unusual or infrequent. 4.reported on the balance sheet.
the correct answer is the second answer2.unusual and infrequent.
2 and3. They are unusual and infrequent.
the answer is #2.unusual and infrequent
the extraordinary items are part (2) these are the fianacial statements included in companies.
Any event or transaction which is abnormal, not related to normal company activities is referred to as 'Extraordinary Item'. So, the answer is No.2
By the way as far as I Know the use of Extraordinary items has been eliminated.
it's wrong to consider the( write-down of receivables and inventory, disposal of a segment, or sale of productive assets ) as extraordinary
agree with answer ......................
