iitanox8682 iitanox8682
  • 01-04-2020
  • Business
contestada

Interest expense would be classified on a multiple-step income statement under the heading

Respuesta :

Zviko
Zviko Zviko
  • 03-04-2020

Answer:

Non-Operating Expenses

Explanation:

The multiple-step income statement reports separately Incomes derived from Primary Activities of the Company commonly known as Operating Income and Incomes derived from Secondary activities of the Company known as Non-Operating Income.

Interest expense is part of secondary activities of the company and thus classified under Non-Operating Expenses.

Answer Link

Otras preguntas

Will humans ever walk on the sun?
Does the Golgi body always send vesicles to transport outside the cell?
What are the 2 most widely used iQ tests
A 10.2-L canister of oxygen gas contains 58.6 mol of gas at a temperature of 25°C. What is the pressure of the gas? Looking to see how to set the problem up.
House to find the volume of a cylinder
one hundred twelve and seven hundred eighty-six thousands to the nearest tenth
Which expression is equivalent to StartFraction 2 a + 1 Over 10 a minus 5 Endfraction divided by StartFraction 10 a Over 4 a squared minus 1 EndFraction? StartF
Using the Multiplicative Inverse Property, what is the missing number in the following equation? 1/10 * 10 = ______ -1/10 1 1/10 -10
describe an experiment to show that water contains hydrogen and oxygen only​
7. what is the value of x