Unusual Income statement Items Three types of unusual items are 1. Results of discontinued operations 2. Extraordinary items of gain or loss. 3. A change from one generally accepted accounting principle to another. These items and the related tax effects are reported separately in the income statement. c12-10C12 - 10 Unusual Income Statement Items Three types of unusual items are: 1. Results of discontinued operations. 2. Extraordinary items of gain or loss. 3. A change from one generally accepted accounting principle to another. These items and the related tax effects are reported separately in the income statement