Which one of the following is a nonoperating event that must be reported on the income statement?
A) Acquisition of a plant asset to be used in operations
B) Extraordinary items
C) Recognition of inventory expense
D) Consumption of office supplies
Correct Answer:
Verified
Q1: On the income statement, the result of
Q4: On the income statement, a gain from
Q5: On the income statement, usual and frequent
Q7: On the income statement, the result of
Q8: On the income statement, the loss of
Q9: Recognition of bad debt expense is an
Q10: A summary of operating events is found
A)
Q11: On the income statement, marketing expenses are
Q18: Which one of the following events is
Q19: Which of the following statements is false
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