The following items are extraordinary items EXCEPT:
A) newly enacted laws.
B) natural disasters.
C) expropriation of company assets by a foreign government.
D) losses on a failing product line.

Question

Quizplus · Accepted Answer

Newly enacted laws, natural disasters, and expropriation of company assets by a foreign government are all events that are outside of the control of a company and are considered extraordinary items. Losses on a failing product line are not necessarily an extraordinary item as they can be within the control of a company's management and are part of normal business operations.

The Following Items Are Extraordinary Items EXCEPT