Extraordinary Item

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Dictionary Says

Definition of 'Extraordinary Item'

Gains or losses included in a company's financial statements, which are infrequent and unusual in nature. These are usually explained further in the "notes to the financial statements."
Investopedia Says

Investopedia explains 'Extraordinary Item'

These are the result of unforeseen and atypical events. They are usually accounted for separately so they don't skew the company's regular earnings.

An example would be a snowstorm in Hawaii creating extraordinary losses to banana crops. These losses might be written down as a one-time charge due to an extraordinary item.
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'Extraordinary Item'

  • Value Investing: Managing The Risks In Value Investing ...

    http://www.investopedia.com/university/value-investing/value-investing6.asp
    ... disasters, corporate restructuring or unusual lawsuits and will report these on
    the income statement under a label such as "extraordinary item - gain" or ...

  • The One-Time Expense Warning

    http://www.investopedia.com/articles/stocks/07/income_warnings.asp
    ... its last three fiscal years and see a different special item in each ... a material charge
    for discontinued operations amounting to 75%, an extraordinary gain from ...

  • CFA Level 1 Study Guide - Assets - Depreciation | Investopedia

    http://www.investopedia.com/exam-guide/cfa-level-1/assets/depreciation.asp
    Sign In• Register• Free Annual Reports • Free Newsletters. Dictionary;
    Investing; Markets; Personal Finance; Active Trading; Forex; ...

  • Financial Statements: Earnings | Investopedia

    http://www.investopedia.com/university/financialstatements/financialstatements4.asp
    ... Extraordinary items are deemed to be both "unusual and infrequent" in nature. However,
    if the item is deemed to be either "unusual" or "infrequent," it will ...

  • Understanding The Income Statement

    http://www.investopedia.com/articles/04/022504.asp
    ... Interest Expense: This item reflects the costs of a company's borrowings. ... Special
    Items or Extraordinary Expenses: A variety of events can occasion charges ...

  • Great Stocking Stuffer Stocks - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1211/Great-Stocking-Stuffer-Stocks.aspx
    ... Only instead of comparison shopping for the same item at different retailers, look ...
    look at one that's been temporarily crippled by a single, extraordinary event ...

  • How Much Are NFL Teams Really Worth? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1211/How-Much-Are-NFL-Teams-Really-Worth.aspx
    ... The Packers' ticket volume is strong if not extraordinary. Their ... administration.
    The biggest revenue item for any NFL team is television money. ...

  • Accounting Basics: Financial Statements | Investopedia

    http://www.investopedia.com/university/accounting/accounting5.asp
    ... on discontinued operations (which are about the past) and extraordinary items (unusual
    and ... method adjusts net income for any revenue and expense item that did ...

  • What is the difference between a Ponzi and a pyramid scheme?

    http://www.investopedia.com/ask/answers/09/ponzi-vs-pyramid.asp
    ... unsuspecting individuals are fooled by unscrupulous investors who promise extraordinary
    returns ... the person who recruited them for the chance to sell this item. ...

  • CFA Level 1 Study Guide - Financial Statements - Income Statement ...

    http://www.investopedia.com/exam-guide/cfa-level-1/financial-statements/income-statement-components.asp
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