In what section of the Enterprise Fund statement of revenues,expenses,and changes in fund net position is interest expense generally reported?
A)with operating expenses
B)with nonoperating expenses
C)either with extraordinary or special items,depending on the circumstances
D)with capital contributions and transfers

Question

Quizplus · Accepted Answer

Interest expense is typically considered a nonoperating expense and will be reported in the nonoperating expense section of the Enterprise Fund statement of revenues, expenses and changes in fund net position.

In What Section of the Enterprise Fund Statement of Revenues,expenses,and