"Discontinued operations" is an example of an extraordinary item.

Name: "Discontinued operations" is an example of an extraordinary item.
Brand: Quizplus
Rating: 4.7 (55 reviews)

Question

Quizplus · Accepted Answer

Discontinued operations are not considered extraordinary items; they are separately reported in financial statements to highlight the results of operations that have been disposed of or are held for sale. Extraordinary items are rare and unusual events that are not expected to recur.

"Discontinued Operations" Is an Example of an Extraordinary Item