Topic: Accounting Extraordinary Items
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Answers to Common Questions
How to Compute Extraordinary Items in an Income Statement
Income statements, also known as a profit-and-loss statements, are reports designed to illustrate a person's or business' income, expenses, gains and losses. Occasionally, an extraordinary item needs to be handled and reflected on the incom... Read More »
Source: http://www.ehow.com/how_8787522_compute-extraordinary-items-incom...
What Is the Difference Between Extraordinary Items and Irregular ...
On a company's income statement -- also known as a statement of profit and loss -- you see various items, most of which relate to the organization's primary operations as well as irregular and extraordinary items. Accountants use the terms ... Read More »
Source: http://www.ehow.com/info_10013138_difference-between-extraordinar...
What is Extraordinary Item?
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. They appear between income from discontinued operations and cumulative effect of a ... Read More »
Source: http://www.answers.com/topic/extraordinary-item
More Common Questions
Answers to Other Common Questions
Financial statements are the reports management use to gauge its profitability and operational effectiveness. Additionally, financial statements are released to outside stakeholders as a disclosure of the company's financial health and stre...
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Source: http://www.ehow.com/facts_5801703_financial-statement-items-accou...
Bonds that make-up hydrogen bonds are polar, and therefore, very strong. This gives the hydrogen atom a positive charge that is almost half as large as that of a proton. The small size of the hydrogen atom allows the atom to come very close...
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Source: http://wiki.answers.com/Q/What_accounts_for_its_extraordinary_str...
With the release of Simply Accounting 2009, Sage Software added "Bill of Materials" functionality to the program. The "Bill of Materials" feature allows you to create product assemblies from other inventory sub-components or parts. When cre...
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Source: http://www.ehow.com/how_7999437_print-details-bom-simply-accounti...
There are many unforeseeable problems that may require you cancel an eBay transaction after the item has been sold to a buyer. A mistake in your listing, a problem with the buyer and lost, stolen or damaged merchandise are all valid reasons...
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Source: http://www.ehow.com/how_5809075_cancel-sold-item-ebay-account.htm...
A flexible spending account (FSA) is not just for paying doctor medical expenses and prescriptions. There are many over the counter items which may be purchased with funds from an FSA.
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Source: http://www.ehow.com/how_4821747_items-flexible-spending-account-f...
Before selling items on eBay, it's necessary to set up an account with the site and to give them some specific personal information. The site does verify some of the information that members submit, making it important to list accurate cont...
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Source: http://www.ehow.com/how_4927882_set-ebay-account-sell-items.html
If an item is unique and significant but it does not meet the criteria for being both "unusual and infrequent," the item must remain in the main section of the income statement; it can however be shown as a separate line item. For exampleof...
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Source: http://wiki.answers.com/Q/When_should_a_company_disclose_extraord...
