question 48 in exam 3 morning session: A manufacturing company reports research costs and a loss from sale of a business segment on its income statement. which of these items should be included in operating expenses?
A. Neither
B. Only one of these items
C Both of these items
The answer is C but i dont get why. are losses and gains from the sale of a businees segment reported as operating expenses? in page 62 of book 3 it sayd that they are included in income from continuing operations and are reported before tax. operating expenses usually include selling general and administrative expenses and depreciation.
can someone provide a clear explanation for this answer. Thank you