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As an auditor for Bernard and Thomas, you are responsible for determining the proper classification of income statement items in the audit of California Sports

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As an auditor for Bernard and Thomas, you are responsible for determining the proper classification of income statement items in the audit of California Sports Grill Required: Select whether each of the following items should be classified as discontinued operations, other revenues, or other expenses. Description One of the company's restaurants was destroyed in a forest fire that raged through Southern California. Uninsured losses from Other expenses the fire are estimated to be $450,000 Califomia Sports Grill has three operating divisions: restaurants, catering, and frozen retail foods. The company sells the frozen retail foods division of the business for a profit of $2.4 million in order to focus more on the restaurant and catering business c. An employee strike to increase wages and benefits shut down operations for several days at an estimated cost of $200,000. A restaurant waiter slipped on a wet floor and sued the company. The employeo won a settlement for $100,000, but Califormia Sports Grill has not yet paid the settiement. d. e. The company owns and operates over 40 restaurants but sold one restaurant this year at a gain of $650,000 Other revenues

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