Which of the following items should be reported as an extraordinary item?

Question

Quizplus · Accepted Answer

Earthquake damage would be considered an extraordinary item as it is unusual and infrequent in nature. Gains or losses from major foreign currency revaluations and gains or losses on disposal of a business segment would not be considered extraordinary items as they are part of normal business operations. The effects of a strike could potentially be considered an extraordinary item, but would depend on the specific circumstances and management's judgment.

Which of the Following Items Should Be Reported as an Extraordinary