Answer
a. The loss attributed to the writing down of inventory should be put under “Other expenses are losses.”
b. The loss attributed to the strike belongs to the category of “Other expenses are losses.”
c. The bad debts incurred should be placed under “General Expenses.”
d. The loss gotten after disposing of a discontinued operation should be under "Discontinued operations."
e. Gains received after the selling of machinery belong to "Other revenues and gains."
f. Interest revenue falls under “Other revenues and gains.”
g. Depreciation is categorized under “administrative expenses.”
h. The amount related to the writing off of the notes receivable should be placed under “Other expenses are losses.”
Work Step by Step
a. The loss attributed to the writing down of inventory should be put under “Other expenses are losses.”
b. The loss attributed to the strike belongs to the category of “Other expenses are losses.”
c. The bad debts incurred should be placed under “General Expenses.”
d. The loss gotten after disposing of a discontinued operation should be under "Discontinued operations."
e. Gains received after the selling of machinery belong to "Other revenues and gains."
f. Interest revenue falls under “Other revenues and gains.”
g. Depreciation is categorized under “administrative expenses.”
h. The amount related to the writing off of the notes receivable should be placed under “Other expenses are losses.”
