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

name the shaded angle in three different ways
AB = 13 + 2y, BC = 12, AC = 1 + 32
Before getting to school, Nancy has a few errands to run. Nancy has to walk 7 blocks to the library,and 10 blocks to the museum, before walking the final 4 bloc
will mark brainiest which of the following is the purpose of economic indicators
Rachel spent $628 more than Samuel if Samuel spent $329 then how much did Rachel spent
Humans do this only every 10 months. Other organisms such as insects, can do this every 2 weeks. Is this reproduction or evolution?
Compare and contrast natural and synthetic (man-made) resources.​
5. The density of a substance is 3.4 X 10^3 g/mL. Mixing it with another substance increases the density by 1.5 X 10^1 times. What is the density of the mixture
how do authors use the resources of language to impact the way an audience thinks, acts, and perceives the world?
you are running to become a member of congress, why should people vote for you?