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To Qualify as an Unusual and Infrequent Item,a Gain or Loss

Question 86

Multiple Choice

To qualify as an unusual and infrequent item,a gain or loss must:


A) Affect the income of a prior period.
B) Be larger in amount than any other item in the income statement.
C) Be material in amount,unusual in nature,and not expected to recur.
D) Be associated with a segment of the business that has been discontinued during the current period.

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