In a statement of realization and liquidation,unusual revenue items are reported under:
A)assets.
B)discontinued items.
C)supplementary items.
D)These are never reported.

Question

Quizplus · Accepted Answer

Unusual revenue items are reported under supplementary items in a statement of realization and liquidation. This includes any non-recurring or extraordinary items that are not related to the company's regular operations. Examples of unusual revenue items may include gains from the sale of assets, insurance settlements, or one-time contract revenues. These items are important to disclose so that stakeholders can understand the full picture of the company's financial performance during the liquidation process.

In a Statement of Realization and Liquidation,unusual Revenue Items Are