unusual but not extraordinary item
Definition
An asset or liability that must be included on financial statements but does not meet the necessary reporting requirements. This happens when a company suffers a loss due to a labor dispute. The company must report the loss on a different part of the financial statement and not where normal income and expenses are reported.
Related Articles
- What are Stock Option Plans? *
- Dollar Cost Averaging Stock Strategy *
- Buying Stocks Using Growth Strategy *
- Introduction to Buying a Car *
- Diversifying Your Portfolio *
- Mutual Funds and Your Portfolio *
- Less Popular Types of Mutual Funds - Part 1 *
- Technical Analysis *
Related Videos
http://www.businessdictionary.com/definition/unusual-but-not-extraordinary-item.html
