If there is a loss on bonds redeemed early,it is
A)debited directly to Retained Earnings.
B)reported as "Other Expense" on the income statement.
C)reported as part of profit from operations on the income statement.
D)debited to Interest Expense,as a cost of financing.

Question

Quizplus · Accepted Answer

A loss on bonds redeemed early is reported as "Other Expense" on the income statement because it is not related to the primary operations of the business.

If There Is a Loss on Bonds Redeemed Early,it Is