Which of the following items is most likely to be reported as an extraordinary loss?

Question

Quizplus · Accepted Answer

Uninsured losses from a natural disaster are unusual and infrequent events that are outside of the company's control, making them the most likely item to be reported as an extraordinary loss. Losses due to the write-down of inventory, losses on the sale of long-term assets, and losses due to business restructuring are normal business expenses that do not meet the criteria for an extraordinary loss.

Which of the Following Items Is Most Likely to Be