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LSDefine

Simple English definitions for legal terms

extraordinary item

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A quick definition of extraordinary item:

An extraordinary item is an unusual or infrequent expense that a business incurs, such as a large judgment or write-off of goodwill. It is different from regular expenses that a business incurs in its day-to-day operations. Extraordinary items are sometimes allowed to be excluded from a company's financial statements to give a clearer picture of its ongoing operations.

A more thorough explanation:

Definition: An unusual or infrequent expense, such as a write-off of goodwill or a large judgment.

Example: A company may have an extraordinary item if they experience a natural disaster that causes significant damage to their property and requires unexpected expenses to repair. This expense is not a regular part of their business operations and is considered extraordinary.

Explanation: An extraordinary item is a one-time expense that is not expected to occur regularly in a company's operations. It is usually a significant expense that is not related to the company's day-to-day activities. In the example given, the natural disaster is an unforeseen event that requires the company to incur expenses that are not part of their regular operations. This expense is considered extraordinary because it is not expected to occur regularly and is not related to the company's normal business activities.

extraordinary hazard | extraordinary loss

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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