All of the following items would be reported as other expenses and losses except
A) freight-out.
B) casualty losses.
C) interest expense.
D) loss from employees' strikes.

Question

Quizplus · Accepted Answer

Freight-out is considered a selling expense, not an other expense or loss. It is directly related to the delivery of goods to customers and is typically included in the selling expenses category on the income statement. Other options like casualty losses, interest expense, and loss from employees' strikes are considered other expenses or losses because they are not directly tied to the primary operations of the business.

All of the Following Items Would Be Reported as Other