How is an extraordinary item defined


Response to the following questions:

1. What items are included in a company's results from discontinued operations? For this purpose, how is a "component" defined?

2. How is an extraordinary item defined? Explain the two criteria that must be met to classify an event as extraordinary. Give two examples of gains or losses from extraordinary items.

If possible, please give examples to better understand your response.

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Accounting Basics: How is an extraordinary item defined
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