Question

All of the following items would be reported as other expenses and losses except A. casualty...

All of the following items would be reported as other expenses and losses except

A.

casualty losses.

B.

freight-out.

C.

loss from employees' strikes.

D.

interest expense.

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Answer #1
All of the following items would be reported as other expenses and losses except freight-out.
Freight-out is a selling expense and reported as part of Operating expense.
Casualty losses, loss from employees' strikes and interest expense are other expenses and losses
Option B freight-out is correct
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