Author Question: The loss from abnormal spoilage account would appear ________. (Read 28 times)

danielfitts88 · **on:** Mar 6, 2021

Question 1

Spoilage that is not inherent in a particular production process and would not arise under efficient operating conditions is referred to as ________.
◦ incremental spoilage
◦ usual spoilage
◦ abnormal spoilage
◦ indirect spoilage

Question 2

The loss from abnormal spoilage account would appear ________.
◦ on a balance sheet
◦ as a detailed item in the retained earnings schedule of a balance sheet
◦ a separate line item on an income statement
◦ a deduction from the cost of goods sold

iman · **Reply #1 on:** Mar 6, 2021

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