APB Opinion No. 9
      1. In APB Opinion No. 9, the Accounting Principles Board moved closer to which income concept?
      2. Which item(s) of profit or loss could properly be excluded from income determination under Opinion No. 9?
      3. How were extraordinary items to be reported in the financial statements under Opinion No. 9?  Why was this reporting format considered appropriate?
      4. How were extraordinary items defined under Opinion No. 9?
      5. Cite some examples of extraordinary items under Opinion No. 9.

      6. Certain types of gains and losses were not to be considered extraordinary. Identify one category and explain why it should not be considered an extraordinary item.

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