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

An object is 30.0 cm to the left of a convex lens with a focal length of +8.0 cm. Draw a ray diagram of the setup showing the location of the image. Calculate t
What is the principal part of the underlined verb in the sentence? We made it in only one week. A. past participle B. past C. present participle D. present
Which general formula represents the compound CH3CH2CCH? (1) CnHn (3) CnH2n–2 (2) CnH2n (4) CnH2n+2
In which order did this sequence of events from Texas history occur? 1. Texas became the 28th state in the United States. 2. People from the United States settl
decrease 64 by 60% what's the answer
why did the government give land grants to railroad companies
how to say wrong in french
The modern model of the atom is based on the work of(1) one scientist over a short period of time(2) one scientist over a long period of time(3) many scientists
what effect did the breakup of the Soviet Union have on Cubans?
Solve for h. P=mgh Answer choices: H=P-mg H=pg/m H=p/mg H=P+mg