A loss on disposal of an asset is reported in the financial statements
A)in the operating section of the statement of income.
B)in the non-operating section of the statement of income.
C)as part of Other Comprehensive Income.
D)as part of Cost of Goods Sold.

Question

Quizplus · Accepted Answer

The Answer of A loss on disposal of an asset is reported in the financial statements
A)in the operating section of the statement of income.
B)in the non-operating section of the statement of income.
C)as part of Other Comprehensive Income.
D)as part of Cost of Goods Sold.

A Loss on Disposal of an Asset Is Reported in the Financial