IFRS requires that extraordinary items be shown in the stockholders' equity section of the balance sheet as an adjustment to Retained Earnings.

Name: IFRS requires that extraordinary items be shown in the stockholders' equity section of the balance sheet as an adjustment to Retained Earnings.
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IFRS does not recognize the concept of extraordinary items; therefore, it does not require them to be shown in the stockholders' equity section or anywhere else.

IFRS Requires That Extraordinary Items Be Shown in the Stockholders