The loss from abnormal spoilage account would appear ________.
A) on a balance sheet
B) as a detailed item in the retained earnings schedule of a balance sheet
C) a separate line item on an income statement
D) a deduction from the cost of goods sold

Question

Quizplus · Accepted Answer

The loss from abnormal spoilage is an expense that is recognized on the income statement as a separate line item. It is not included on the balance sheet or deducted from the cost of goods sold.

The Loss from Abnormal Spoilage Account Would Appear ________