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gayaneshka [121]
3 years ago
7

A loss on disposal of a plant asset is reported in the financial statements as a direct increase to the capital account on the b

alance sheet. as a direct decrease to the capital account on the balance sheet. in the Other Revenues and Gains section of the income statement. in the Other Expenses and Losses section of the income statement.
Business
1 answer:
luda_lava [24]3 years ago
8 0

Answer:

in the Other Expenses and Losses section of the income statement.

Explanation:

Firstly, A loss on disposal of a plant asset is an expense.

therefore,

A loss on disposal of a plant asset is reported in the financial statements in the Other Expenses and Losses section of the income statement.

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Fundamentals of Supply are view for the point of the
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3 years ago
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are p
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Answer:

See below

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Raw materials purchased is computed as;

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= 50,000 + ((80,000 + 770,000 - 30,000) × 3) - 60,000

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8 0
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4 0
3 years ago
Can you describe cody's current financial position as good average or poor
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Assets                                            Liabilities
TV-                    250                         student  loan          2600
Mp3 Player       200                         credit card 1             850                                  Laptop              750                         credit card 2           1200                                  Game system   250                         loan from parents     200                                   watch                200                         truck                       3200                                   Checking Account       560                                                                                        Savings Account 1      945                                                                                  Savings Account 2   3400                                                                                      TOTAL                 $  6555               TOTAL              $8050                LOSS $-1495                          
8 0
3 years ago
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