Explain where the following item should appear in the financial statements of a corporation:
One of the company's plants was destroyed by an earthquake.The area has never reported an earthquake.The amount of the loss,net of tax,was $850,000.

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The Answer of Explain where the following item should appear in the financial statements of a corporation:
One of the company's plants was destroyed by an earthquake.The area has never reported an earthquake.The amount of the loss,net of tax,was $850,000.

Explain Where the Following Item Should Appear in the Financial