- CFA Exams
- CFA Level I Exam
- Study Session 7. Financial Reporting and Analysis (2)
- Reading 21. Understanding Income Statements
- Subject 6. Non-Recurring Items and Non-Operating Items
CFA Practice Question
Non-recurring items are ______.
A. transactions and events that are unusual in nature and infrequent in occurrence, immaterial in amount
B. recurring items that represent income but fail to meet revenue recognition requirements
C. non-typical items, usually losses, such as extraordinary items, discontinued operations, or accounting changes
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