Chapter 6â The Constitution and Business Laws that govern business have their origin in the lawmaking authority granted by the federal constitution.
Unique Trash Items. 1  Air conditioners have Freon that must be removed by a certified technician to prevent damage to the environment. Call the Tippecanoe Transfer Station at 765-742-7131 for a list of vendors who will come and get a CFC appliance, take out the freon and recycle the metal for a hauling fee.
Similarly, it's not unusual for items in inventory to have a current value lower than its cost. Although these things maybe significant, unusual, and important, they do not belong in the section containing extraordinary items. Below is an example of a single-step income statement containing an extraordinary item.