After some hard thinking I decided that I didn't really need that category. It existed so that lenders and investors could look at a company's income statement free of distortion by items that are not part of normal operations. Well, I'm not a company, so no one would be investing in me, and lenders have their own forms for applicants' income and expenses. (And I discovered that even companies don't use Extraordinary Items any more, since the standards bodies have eliminated them.)
Well like I said, organizations likely to use something of the sort. And I think you might be too focused on the NAME "extraordinary Income" (or "extraordinary expense") as opposed to function (called whatever). A business WOULD probably be doing SOMETHING to separate out extraordinary events.
AS MIGHT INDIVIDUALS. Yes, you would want a profit and loss including such items BUT you would also likely want one without (and THAT's the one you use comparing periods).
Michael D Novack _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
