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Updated over 5 years ago, 07/22/2019
Reviewing MF Income Statement - "Extraordinary Expense" Question
Hello! Yes, this is my first post. I'm reviewing an OM along with an attached income statement in excel. Under expenses, they list "Partnership Expenses" and then "Extraordinary Expense" of $-5,833.15 for eight months and increases to $-6,733.32 for four months with their 2017-2018 fiscal year. Researching this term, I understand means a transaction that is abnormal, a non reoccurring expense, or a one time expenses such as large scale building upgrades. However, this "expense" is definitely reoccurring. Have you come across this line item before and if so, what did it entail?