Practice prompt · Q:statement-presentation-comprehensive-income-and-disclosure/practice-warehouse-sale

Classify a warehouse gain

Place a warehouse sale gain outside customer sales.

Updated Sep 13, 2026 Review due Dec 13, 2026

Practice

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A manufacturer sells a warehouse that it used for storage. It does not sell property to customers. Where does the resulting gain belong?

Choose the best answer. a Other gain below operating income b Customer revenue c OCI d A reduction of operating expenses

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Answer: a

The warehouse sale is outside the manufacturer’s customer sales and operating result. It does not increase gross profit.