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

what does a scientist do if I a hypothesis is supported
Which of the following were changes America experienced during the second half of the nineteenth century? More then one answer a war with Great Britain major t
Please Help!!! A gym teacher orders 42 tennis balls. Each package contains 3 tennis balls. Which of the following equations represents the number (x) of package
What is a palindrome for a girls name
what is the difference between a patriot& a terrorist?
Which statement is true for single-celled organisms? A. They are often harmless. B. They always cause disease. C. They only live inside
Water is to moisten as spade is to dig. synonym analogy antonym analogy description analogy function analogy
divide £21 in ratio 3:4
What is the square root of 120? And is ur rational or irrational?
who first applied science to dental treatment