CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

Which of the following is not a typical example of non-recurring items?
A. Sale of a subsidiary or a building
B. Lawsuits
C. An extremely large loss on operations
Explanation: Gains or losses from the sale of corporate fixed assets, lawsuits, or similar events that would not be expected to occur often, if ever again, are typical examples of non-recurring items.

User Contributed Comments 6

User Comment
CFAnext how come lawsuits is wrong?
pochuevalex The trick is to mark NOT typical example of non-recurring items.
rocyang I thought people in the US get sued all the time
jayj001 lol
thekobe put attention in "loss in operations"
sm200 @thekobe, rather on extremely large
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