On the income statement, interest expense is reported as a(n)
A)operating revenue or expense.
B)other revenue or expense.
C)disposal of a business segment.
D)cumulative effect of a change in accounting principle.

Question

Quizplus · Accepted Answer

Interest expense is not directly related to the main operations of the business, and thus is reported as an other revenue or expense on the income statement.

On the Income Statement, Interest Expense Is Reported as A(n)