A Loss on Disposal of an Asset Is Listed As

question 67

Multiple Choice

A loss on disposal of an asset is listed as:

• A)a liability on the balance sheet.
• B)an asset on the balance sheet.
• C)other expense on the income statement.
• D)other income on the income statement.

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Definitions:

Disease

A disorder of structure or function in a human, animal, or plant, especially one that produces specific signs or symptoms or that affects a specific location and is not simply a direct result of physical injury.

Social Dysfunction

A disruption or breakdown in the normal functioning of a social system, often leading to social problems.

Sexually Harassed

Experiencing unwanted sexual advances, requests for sexual favors, or other verbal or physical harassment of a sexual nature.

Lawsuit

A legal action initiated by one party against another to enforce or protect a right, or to seek a remedy for a violation of a right.