TeachMeFinance.com - explain Extraordinary income deductions (electric utility)
Extraordinary income deductions (electric utility) The term 'Extraordinary income deductions (electric utility)' as it applies to the area of energy can be defined as ' Those items related to transactions of a nonrecurring nature that are not typical or customary business activities of the utility and that would significantly distort the current year's net income if reported other than as extraordinary items'.
About the author
Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.