For a transaction to be classified as an extraordinary item it must be
A) Unusual in nature and infrequent in occurrence.
B) Unusual in nature or infrequent in occurrence but not under the control of management.
C) Unusual in nature or infrequent in occurrence and under the control of management.
D) Unusual in nature or infrequent in occurrence.
Correct Answer:
Verified
Q30: The Special Revenue Fund of the city
Q31: $1,000,000 of General Fund cash was contributed
Q32: General Fund resources of $500,000 were contributed
Q33: A city's police department receives goods from
Q34: $40,000 of General Fund expenditures had been
Q36: Assume the General Fund has two outstanding
Q37: A government's General Fund departments purchased electric
Q38: Which of the following should not be
Q39: Taxes receivable of $80,000, which have a
Q40: General Fund resources are provided to a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents