Which of the Following Items Would Be Classified in the "Other

question 89

Multiple Choice

Which of the following items would be classified in the "Other Revenues and Expenses" section of the income statement?

• A) Loss due to hurricane in a location where hurricanes are very unlikely
• B) Loss on sale of land
• C) Administrative salaries expense
• D) Income tax expense

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Definitions:

Behavioristic

Relating to or concerned with the study of behavior, especially in humans or animals, without reference to mental states.

Organizational Alignment

The process of ensuring that business strategies, operational activities, and organizational culture work in harmony towards achieving the set goals and objectives.

Nonprofit Organizations

Organizations that prioritize social, cultural, or environmental objectives over profit, reinvesting surplus revenues in their mission.

Transformational

Related to or involving major change in structure or character, often for the better.