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An example of an extraordinary gain or loss is: A. A large loss arising from inability to collect an account receivable from a bankrupt customer.
An example of an extraordinary gain or loss is:
A. A large loss arising from inability to collect an account receivable from a bankrupt customer.
B.A large gain from disposal of a segment of the business.
C. A gain or loss from sale of an expensive machine no longer needed in the business.
D. A loss due to the expropriation of assets by a foreign government
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