Indicate which of the following items would be reported as an extraordinary item on Pitchford Corporation’s income statement.

(a) Loss from damages caused by a volcano eruption in Iona.

(b) Loss from the sale of short-term investments.

(c) Loss attributable to a labor strike.

(d) Loss of inventory from flood damage because a warehouse is located on a flood plain that floods every 5 to 10 years.

(e) Loss on the write-down of outdated inventory.

(f) Loss from a foreign government’s expropriation of a production facility.

(g) Loss from damage to a warehouse in southern California from a minor earthquake.

AppendixLO1