When income statement items are unusual and infrequent, they often appear in a separate section of the
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When income statement items are unusual and infrequent, they often appear in a separate section of the income statement. This is so that readers of the income statement can appropriately forecast future performance. U.S. GAAP allows the classification of items that are not ordinary revenues or expenses while with IFRS, companies are no longer allowed to classify items as e ___________ .
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