A tornado in New York City caused $48,000 worth of damage to Out of Africa's store and merchandise.The insurance company paid the business $50,000.The $2,000 gain would be reported on the income statement as part of ________.
A)discontinued operations
B)extraordinary items
C)other revenues and expenses
D)continuing operations

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The Answer of A tornado in New York City caused $48,000 worth of damage to Out of Africa's store and merchandise.The insurance company paid the business $50,000.The $2,000 gain would be reported on the income statement as part of ________.
A)discontinued operations
B)extraordinary items
C)other revenues and expenses
D)continuing operations

A Tornado in New York City Caused $48,000 Worth of Damage