Which of the following accounts could be included in both the "income from operations" and the "income from non-operating sources" sections of the income statement?
A)Interest expense
B)Amortization expense
C)Bad debt expense
D)Insurance expense

Question

Quizplus · Accepted Answer

Interest expense can be included in both sections depending on the nature of the interest. If it is related to the core operations, it may be included in operating income; otherwise, it is typically considered a non-operating expense.

Which of the Following Accounts Could Be Included in Both