Which of the following items is typically not included as a separate item after normal revenues and expenses?
A)Write down of inventories.
B)Condemnation of property by the city government.
C)Loss of use of property due to a new and unexpected environmental regulation.
D)Loss due to an unusual and infrequent calamity.
E)Loss of property taken by a foreign government.

Question

Quizplus · Accepted Answer

Write down of inventories is typically included in the cost of goods sold or as part of the operating expenses, not as a separate item after normal revenues and expenses. The other options represent events that are unusual or infrequent, and their financial impacts are often reported separately to highlight their nature and effect on the financial statements.

Which of the Following Items Is Typically Not Included as a Separate