How does the GASB define extraordinary and special items? Compare the definitions and recognition of these items

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How does the GASB define extraordinary and special items? Compare the definitions and recognition of these items to FASB requirements.

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-1259917059

18th edition

Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely

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Question Posted: Nov 10, 2018 04:48 AM

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How does the GASB define extraordinary and special items? Compare the definitions and recognition of these items

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Extraordinary items are both unusual in nature and infrequent in occ...View the full answer

Accounting for Governmental and Nonprofit Entities

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