Answer
This should be recorded in the income statement.
Work Step by Step
However, this should not be reported as an unusual item because it is affiliated with daily enterprise operation.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 4 - Income Statement and Related Information - Questions - Page 187: 15f
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