Expenses that fall outside the regular operations of a business are:
A)not shown in the income statement of a merchandiser.
B)treated as current assets and are shown as merchandise inventory.
C)included under the other revenues and expenses section of the income statement.
D)included in the selling and administrative expense section of the income statement.

Question

Quizplus · Accepted Answer

Expenses that are not part of the regular operations of a business are typically categorized as "other revenues and expenses" on the income statement. This section includes items that are not directly related to the core business activities.

Expenses That Fall Outside the Regular Operations of a Business