Can virtual or digital items be extraordinary?

Extraordinary items, prior period adjustments and contingent liabilities ... item, may be recorded in current operating accounts without prior approval. Extraordinary items in accounting are referred to as any kind of abnormal loss or gain that is not generated from the regular business operations. Other assets (describe below items that exceed 25% of this item). a. b ... Extraordinary items and other adjustments. 9. Net income. Return to: Office of ... Accounting Standards Update 2015-01 formally eliminated the reporting of “extraordinary items” in the income statement for fiscal years beginning after ... Jun 30, 2015 ... Schedule RI, item 11, "Extraordinary items and other adjustments, net of income taxes." If your institution reports any "Extraordinary items ... an “extraordinary item” is (1) “unusual in nature,” in that it possesses a high degree of abnormality and is clearly unrelated or only incidentally related ... These items are related to the effects of events and transactions that have occurred during the current period and that are of an unusual nature and infrequent ... ... Extraordinary Items represents net income before being adjusted by extraordinary items, such as: Accounting Change Discontinued Operations Extraordinary Item Basic EPS Excluding Extraordinary Items. Basic EPS Excluding Extraordinary Items represents Income Available to Common Excluding Extraordinary Items divided by ... Mar 20, 2018 ... 01 Income Statement-Extraordinary and Unusual Items ... KCSR' s independent account neither approved the use of the extraordinary item account nor.