In a multi-step income statement,Interest revenue and expense are NOT included in Operating income.

Name: In a multi-step income statement,Interest revenue and expense are NOT included in Operating income.
Brand: Quizplus
Rating: 5.0 (43 reviews)

Question

Quizplus · Accepted Answer

Interest revenue and expense are typically accounted for separately from operating income in a multi-step income statement, as they are not directly related to the company's core business operations. Instead, they are recorded as non-operating income or expenses.

In a Multi-Step Income Statement,Interest Revenue and Expense Are NOT