In which section of the income statement is interest expense reported?
A) Gross profit.
B) Income from operations.
C) Income before income taxes.
D) Non-controlling interest.

Question

Quizplus · Accepted Answer

Interest expense is reported in the section of the income statement as "Income before income taxes." This is because interest expense is considered a non-operating expense that is deducted from operating income to arrive at the income before taxes.

In Which Section of the Income Statement Is Interest Expense