Examples of nonoperating items that would appear on an income statement are:
A)Interest income,depreciation expense,gain on sale of land.
B)Cost of sales,interest expense,loss on sale of investments.
C)Interest expense,interest income,loss on sale of investments.
D)Depreciation expense,interest income,interest expense.

Question

Quizplus · Accepted Answer

Nonoperating items are items that do not arise from the company's primary business operations. Interest income and interest expense are nonoperating items because they relate to the company's investments and financing activities. Loss on the sale of investments is also a nonoperating item because it relates to the sale of an asset that is not part of the company's primary business operations.

Examples of Nonoperating Items That Would Appear on an Income