$(300,000) as an unusual loss and $700,000 as an unusual gain. Unusual and infrequent gains and losses are reported in the "Other revenues and gains" or "Other expenses and losses" section of the income statement. They are not reported net of tax.
In accounting, sales is the overall amount of earnings generated by the sale of products and offerings associated with the number one operations of the business. Industrial sales will also be known as income or as turnover. A few companies receive revenue from hobbies, royalties, or other expenses. "sales" may check with earnings in general, or it may refer to the quantity, in a monetary unit, earned at some point of a time period, as in "final 12 months, enterprise X had sales of $42 million". Income or internet profits typically mean overall sales minus general expenses in a given length.
Learn more about revenues here
https://brainly.com/question/13738783
#SPJ1
