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

2 sin x + V3 = 0 i need help answering this
Eli is following this recipe to bake bread rolls. He uses 400 mL of water. How much of the other ingredients does he use? Recipe: Makes 12 bread rolls 480 g flo
Take the two independent clauses below and select the combination that creates a grammatically correct compound sentence. Daniel fought the lizard, Henry narrow
Why reaction of lead with dilute acid Cannot liberate hydrogen
What is the value of y in this equilateral triangle? (Brainly + Bonus points for the correct answer and best-explained answer)
is 2(6-3x) + x equivalnt to 2(3x) + x? Show your work
y = 3.915(1.106)x. In terms of the water lily population change, the value 3.915 represents:
is birthday capitalization of a end of a sentence
what was one aspect of the rule of law in Roman society
Rewrite without parenthesis and simplify. Box method (w-6)^2 WILL MARK BRAINLEST