Estimates and uncertainty are both normal for companies, but
sometimes an event occurs that might be considered unpredictable even by
corporate standards. Should these improbable events be mixed in with
the results of regular operations or should they be reported separately?
U.S. GAAP and international accounting standards (IFRS) disagree on the
answer to that question.
For More Click Here:-
Extraordinary items in accounting
For More Click Here:-
Extraordinary items in accounting
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