what is Abnormal loss
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Abnormal loss refers to a situation when a company experiences a loss that exceeds the normal loss allowance. When a company experiences an abnormal loss, its total revenue doesn't cover the total costs that it incurs. If the company experiences repeated abnormal losses, it can threaten the company's survival.
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Abnormal loss refers to a situation when a company experiences a loss that exceeds the normal loss allowance. ... When a company experiences an abnormal loss, its total revenue doesn't cover the total costs that it incurs. If the company experiences repeated abnormal losses, it can threaten the company's survival.
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