Expenses that fall outside the regular operations of a business are ________.
A) generally a substantial part of net income
B) recorded in the Owner, Capital account
C) included under the other income and expenses section of the income statement
D) not considered for the calculation of net income

Question

Quizplus · Accepted Answer

Expenses that fall outside the regular operations of a business are included under the other income and expenses section of the income statement. This section includes non-operating gains and losses, such as gains or losses from the sale of investments, interest income, and interest expense. They are not considered for the calculation of net income from continuing operations.

Expenses That Fall Outside the Regular Operations of a Business