EXTRAORDINARY ITEMS Definition

Bookmark and Share

EXTRAORDINARY ITEMS are material items that are unusual in nature and occur infrequently. Both characteristics must exist for an item to be classified as an extraordinary item on the income statement.

Learn new Accounting Terms

GMP is either Good Manufacturing Practice(s) or Gross Maximum Price.

FIT is Federal Income Tax.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.