Which of the following items would NOT be classified in the "Other Revenues and Expenses" section of the income statement?

Question

Quizplus · Accepted Answer

Property tax expense would not be classified as "Other Revenues and Expenses" because it is a specific expense category relating to property and should be separately reported. Dividends on investments, gain on sale of buildings, and interest expense are examples of items that could be classified in the "Other Revenues and Expenses" section.

Which of the Following Items Would NOT Be Classified in the "Other