Assume that the amount of each of the following items is material to the financial statements. Classify

Question:

Assume that the amount of each of the following items is material to the financial statements. Classify each item as either normally recurring (NR) or unusual (U) items. If unusual item, then specify if it is a discontinued operations item (DO).
a. Interest revenue on notes receivable.
b. Gain on sale of segment of the company's operations that manufactures bottling equipment.
c. Loss on sale of investments in and bonds.
d. Uncollectible accounts expense.
e. Uninsured flood loss. (Flood insurance is unavailable because of periodic flooding in the area.)
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...