A loss on disposal of an asset is reported in the financial statements
A) in the non-operating section of the income statement.
B) as part of Cost of Goods Sold.
C) as part of Other Comprehensive Income.
D) in the operating section of the income statement.

Question

Quizplus · Accepted Answer

The Answer of A loss on disposal of an asset is reported in the financial statements
A) in the non-operating section of the income statement.
B) as part of Cost of Goods Sold.
C) as part of Other Comprehensive Income.
D) in the operating section of the income statement.

A Loss on Disposal of an Asset Is Reported in the Financial