Question: Ester's Bunny Barn has experienced a $ 4 0 , 0 0 0 loss due to tornado damage to its inventory. Tornados have never before

Ester's Bunny Barn has experienced a $40,000 loss due to tornado damage to its inventory. Tornados have never before occurred in this area. This loss
is shown pretax as an operating expense.
is shown pretax under other expenses and losses.
is shown after tax under other expenses and losses.
is not shown on the income statement.
Ester's Bunny Barn has experienced a $ 4 0 , 0 0

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