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It might be helpful to understand that "extraordinary" is an accounting distinction: >An extraordinary loss is a loss resulting from a business transaction tha
by arkis22 2y ago
It might be helpful to understand that "extraordinary" is an accounting distinction:
>An extraordinary loss is a loss resulting from a business transaction that is highly unusual, should occur only rarely, and which does not result from operating activities. These losses are reported separately on the income statement from operating earnings, in order to keep from confusing readers about the state of a firm’s earnings.
https://www.accountingtools.com/articles/extraordinary-loss https://www.accountingtools.com/articles/extraordinary-loss