Which criterion applies exclusively to special items and not to extraordinary items?

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The criterion that applies exclusively to special items and not to extraordinary items is that they are subject to management control. Special items are defined as those that are unusual or infrequent in nature but still fall under the control of the organization's management. This allows management to make decisions that could mitigate or influence the occurrence of such items.

On the other hand, extraordinary items are characterized by their unusual and infrequent nature and are typically not something management can control or predict. They represent events that are not part of regular operations and are considered rare and significant.

This distinction is important for financial reporting, as it impacts how items are classified and presented in financial statements. Proper categorization ensures that users of the financial statements can understand the nature of the company's earnings and the implications of unusual events on financial performance.

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