For a jewelry retailer, which is an example of Other Revenues and Gains?
A)Repair revenue
B)Unearned revenue
C)Gain on sale of display cases
D)Discount received for paying for merchandise inventory within the discount period

Question

Quizplus · Accepted Answer

Gains on the sale of display cases are considered Other Revenues and Gains as they are not part of the primary operations of selling jewelry but rather from selling an asset.

For a Jewelry Retailer, Which Is an Example of Other