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

need help with the last one
A small rock remains at rest in outer space while an astronaut pushes horizontally on it with a force of 20 N. Which of the following must be true? A. There i
Iwhich best explains why the structure of the lady or the tiger is symmetrical
Based on the information in the table which statement would most likely be a belief by both Martin Luther and John calvin
Read the body paragraph of a persuasive essay about the need for teenagers to get enough sleep. Select the best supporting evidence to include in the paragraph
An airplane is flying from New York City to Los Angeles. The distance it travels in miles, d, is related to the time in seconnds, t, by the equation d= 0.15t a.
which best describes the significance of the magna carter
GE bzbbsbsvzvxvxvzbsbbhhhhdhd NFC dhehehehshbsbabdhsnzjdndbdbdhdbvdbzjajs
Animals commonly store energy in the form of
There are 14 lirts to every10 Rews,You Have 100lirts how many rews are there?