For a merchandiser, how is Interest Revenue classified on the income statement?
A)Income from Discontinued Operations
B)Income from Financing Activities
C)Other Revenues and Gains
D)As a component of Net Sales Revenue

Question

Quizplus · Accepted Answer

Interest Revenue is classified as Other Revenues and Gains on the income statement, as it is not directly related to the primary operations of a merchandiser.

For a Merchandiser, How Is Interest Revenue Classified on the Income