Answer
The APB Opinion No. 30 prohibits reporting the effects of a strike as an extraordinary item.
Work Step by Step
Events of “walkouts” or strikes are a general business risk and should not be treated as extraordinary items.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 4 - Income Statement and Related Information - Concepts for Analysis - Page 198: CA4-6b
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