Question
Obsolete inventory was written off. This was the first loss of this type in the company's history. This should be categorised in income statement under:
Obsolete inventory was written off. This was the first loss of this type in the company's history. This should be categorised in income statement under:
| Comprehensive income | ||
| Other income and expense | ||
| Discontinued operation | ||
| Net loss |
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Accounting
Authors: John Hoggett, Lew Edwards, John Medlin
6th Edition
0470806583, 978-0470806586
