Which of the following items would not appear in the operating section of the multiple-step income statement of a retailer?
A) sales of products
B) the cost of goods sold during the period
C) depreciation expense related to store equipment such as cash registers and store fixtures
D) the gain or loss on the disposal of store equipment used in operations

Question

Quizplus · Accepted Answer

The gain or loss on the disposal of store equipment is considered a non-operating item and would typically appear in the non-operating section of the income statement.

Which of the Following Items Would Not Appear in the Operating