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Irregular Items

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What are examples of irregular items? Why do we list them separately on the income statement?

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The solution goes into a great amount of detail in order to answer the question regarding irregular items. The solution is very well written and easy to understand. Detailed response is given to the irregular items question. Overall, an excellent response to the question being asked.

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Irregular items are items that are not expected to occur in a the cycle of normal business operations. Some examples of irregular losses could be associated with natural disasters such as floods, earthquakes, typhoons and hurricanes. Any losses encountered due to such natural disasters would be considered irregular ...

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