In a statement of realization and liquidation,unusual revenue items are reported under:
A) assets.
B) extraordinary items.
C) supplementary items.
D) These are never reported.

Question

Quizplus · Accepted Answer

Unusual revenue items in a statement of realization and liquidation are reported under supplementary items to provide additional information beyond the normal revenue and expense items.

In a Statement of Realization and Liquidation,unusual Revenue Items Are