Get personalized and accurate responses to your questions with IDNLearn.com. Ask anything and receive comprehensive, well-informed responses from our dedicated team of experts.
The sale of inventory results in an ordinary gain or loss, impacting a company's financial performance.
Ordinary gain or loss is typically associated with the sale of inventory (option 4). When a company sells its inventory, the resulting gain or loss is considered part of its regular operating activities and is reported as an ordinary gain or loss on the income statement.
https://brainly.com/question/42515618