An income or expense which may be part of the company’s normal business but which is abnormal in amount. So, an unusually high expense or income might be considered abnormal. This is to distinguish it from an “extraordinary item” which is usually entirely outside the company’s normal business – such as the once-off sale of a fixed asset, a fine for misconduct or some kind of natural catastrophe. Abnormal and extraordinary items are frequently part of a company’s financials. The point about them is that they are not considered to be part of the company’s normal business and will probably not be repeated in future financial periods.

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