A loss on disposal of an asset is reported in the financial statements
A) in the operating section of the income statement.
B) in the non-operating section of the income statement.
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 income statement.
B) in the non-operating section of the income statement.
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