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"Atypical", in the accounting sense, is used to determine whether an item is "unusual" or "exceptional". "Atypical', under most GAAP structures, describes whether or not an event can and does happen in the industry.

In this case, cold weather can and often does damage crops. While it is not desirable, it is part and parcel of the industry. In this case, it damaged a huge amount of oranges and other produce in California. As such, it is not atypical. An "atypical" example would be a tsunami wiping out orchards. That just doesn't happen, if ever, and would be recorded as an exceptional item.

2007-01-26 16:08:02 · answer #1 · answered by csanda 6 · 0 0

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