Question

The following information has been provided by Miller Company: Advertising expense $19,800 Interest expense $7,400 Rent expense for store $24,000 Loss on sale of property and equipment $11,400 Cost of goods sold $42,600 Depreciation expense $14,200 Prepaid insurance $2,000 What is the amount included in the Other Items section of Miller's income statement?

Answer 1

The Other Items section would include the loss on sale of property and equipment which is $11,400.