The Loss Incurred as a Result of Writing Down Obsolete

question 115

Multiple Choice

The loss incurred as a result of writing down obsolete inventory should be reported as:

• A) part of discontinued operations.
• B) an operating expense.
• C) other expenses and losses.
• D) an extraordinary item.

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Definitions:

Dendrites

Branchlike extensions of neurons that receive signals from other neurons.

Axon

A narrow, lengthy protrusion from a neuron, or nerve cell, that often directs electrical impulses from the neuron's cell body outward.

Afferent Sensory

Pertains to the transmittal of sensory signals to the central nervous system.

Bipolar Neurons

Specialized neurons with two extensions (one dendrite and one axon) from the cell body, which are found in sensory organs like the retina of the eye.