How should cash flows associated with extraordinary items be classified and disclosed?

They should be classified and disclosed separately based on their nature

Extraordinary items are exceptional occurrences that deviate from the usual business operations, such as losses resulting from theft, earthquakes, or floods. These items are unique and non-repetitive in nature, leading to the need for distinct classification and separate disclosure of their associated cash flows within operating, investing, or financing activities. This separation aims to facilitate a clear comprehension of their impact on the current and future cash flows of the enterprise.