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

Good natural selection affect a predator-prey relationship in an ecosystem?
The atmosphere contains invisible gases water vapor. It also contains specks and other particles. How do these interact wit water vapor in the air
Which statement is true about millimeters and kilometers?There are 100 millimeters in a kilometer. There are 1,000 millimeters in a kilometer. There are 1,000,0
Milk is $ 3.25 a gallon and he brought 1 gallon how much money did he spent
Plants require moisture oxygen carbon dioxide light and minerals, is it a biotic factor or abiotic factor or both
Match the three dimensional shape with the HORIZONTAL cross section shown.
graph the relationship between the distance the boat travels and the time it takes
A desk contains the different colored markers listed below3 green markers 5 blue markers10 red markersa marker would be randomly select from the drawer and then
what happen if you gets very sick
Until the 1700's, the Mayan calendar used where