The loss incurred as a result of writing down obsolete inventory should be reported as:
A) part of discontinued operations.
B) an operating expense.
C) other expenses and losses.
D) an extraordinary item.

Question

Quizplus · Accepted Answer

The Answer of The loss incurred as a result of writing down obsolete inventory should be reported as:
A) part of discontinued operations.
B) an operating expense.
C) other expenses and losses.
D) an extraordinary item.

The Loss Incurred as a Result of Writing Down Obsolete