A company accountant is considering how to include the following items in the financial statements: (1) Cost of restructuring the activities of the enterprise. (2) The correction of a fundamental error in the financial statements for the previous period. (3) Loss from expropriation of assets by a government.
Which of these items would constitute an extraordinary item according to IAS 8 Net Profit or Loss for the Period, Fundamental Errors and Changes in Accounting Policies? A 1 only B 2 only C 3 only D All three items C |