Expenses that fall outside the regular operations of a business are ________.
A)generally a substantial part of net income
B)recorded in the Retained Earnings 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. They are not generally a substantial part of net income and are still considered for the calculation of net income. They are not recorded in the Retained Earnings account.

Expenses That Fall Outside the Regular Operations of a Business