A non-recurring event that materially affected a company's finances in a reporting period. Must be explained in the annual report or quarterly report.
Related information about extraordinary item:
- Extraordinary Item Definition | Investopedia
Gains or losses included in a company's financial statements, which are infrequent and unusual in nature. These are usually explained further in the " notes to ...
- Extraordinary Item - Financial Dictionary - The Free Dictionary
An unusual and unexpected one-time event that must be explained to shareholders in an annual or quarterly report, e.g., write down for a discontinued operation ...
- Extraordinary Item Definition & Example | InvestingAnswers
We explain the definition of Extraordinary Item, provide a clear example of how it works and explain why it's an important concept in business, finance ...
- What is extraordinary item? definition and meaning
Definition of extraordinary item: Accounting entry which reflects materially-large cost (such as that incurred for plant shutdown) or materially-large revenue (such ...
- Extraordinary Item: Definition from Answers.com
One that is both unusual in nature and infrequent in occurrence. Extraordinary gains and losses are presented net of tax separately in the income statement.
- Extraordinary Item Definition - What is Extraordinary Item?
What is Extraordinary Item? Find out right now with a helpful definition and links related to Extraordinary Item.
- Extraordinary Item - AccountingCoach.com
These are income statement items that are unusual in nature and infrequent in occurrence. Examples include a loss from an earthquake.
- What is an extraordinary item? | AccountingCoach.com Q&A
An extraordinary item can be a gain or a loss, but it must have all of the following characteristics: 1. unusual in nature, and 2. infrequent in.