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

Question

Quizplus · Accepted Answer

Interest expense and gain/loss on sale of investments are nonoperating items, while gain on sale of equipment may be considered an operating item depending on the nature of the company's business.

Examples of Nonoperating Items That Would Appear on an Income