(Answered) Question 1 which of the following is an extraordinary itema

Accounting

Question: 1. Which of the following is an extraordinary item?

(a) a settlement paid to a customer injured while using the company's product,

(b) a loss to a plant from damages caused by a meteorite, or

2. Why is a company's capital structure, as measured by debt and equity ratios, important to financial statement analysts?

3. How does inventory turnover provide information about a company's short-term liquidity?

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