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

Question

Quizplus · Accepted Answer

Nonoperating items include interest expense, interest income, and gains or losses on sales of investments, as they are not part of the core business operations.

Examples of Nonoperating Items That Would Appear on an Income