Asked by Matthew Mitrano on Jun 28, 2024

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Non-operating activities that include interest expense,losses from asset disposals,and casualty losses are reported as ________.

Non-Operating Activities

Transactions and events that are not related to the primary operations of a business, such as investment income or losses from the sale of assets.

Asset Disposals

The process of getting rid of an asset through sale, trade, or removal, often because it's obsolete, no longer needed, or to gain cash.

Interest Expense

The cost incurred by an entity for borrowed funds, represented as the interest payable on any type of debt.

  • Explain the nature of non-operating activities, including illustrative examples of both revenues and expenditures related to them.
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ZK
Zybrea KnightJul 03, 2024
Final Answer :
other expenses and losses