What conditions are necessary for a gain or loss to qualify for extraordinary treatment on the income
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What conditions are necessary for a gain or loss to qualify for extraordinary treatment on the income statement?
a. It must be unusual in nature and never have occurred before.
b. It must be unusual in nature and infrequent in occurrence.
c. It must be nonoperating in nature and infrequent in occurrence.
d. Extraordinary gains and losses are not reported on the income statement.
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Related Book For 
Financial Accounting The Impact On Decision Makers
ISBN: 9780324655230
6th Edition
Authors: Gary A. Porter, Curtis L. Norton
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