The Loss from Abnormal Spoilage Account Would Appear ________

question 88

Multiple Choice

The loss from abnormal spoilage account would appear ________.

• A) on a balance sheet
• B) as a detailed item in the retained earnings schedule of a balance sheet
• C) a separate line item on an income statement
• D) a deduction from the cost of goods sold

---

Definitions:

Monistic

Pertaining to the philosophical theory that reality is ultimately composed of one essential substance or principle.

Pluralistic

Describes a situation or society that acknowledges, accepts, and encourages diversity in beliefs, cultures, and lifestyles.

Economic Growth

An increase in the production of goods and services in an economy over a period of time.

Underlying Attitude

The fundamental or basic views and feelings that indirectly shape an individual's reactions and behaviors.