Which of the following is not reported as an operating expense on the income statement?
A)Wages expense.
B)Rent expense.
C)Interest expense.
D)Cost of goods sold.

Question

Quizplus · Accepted Answer

Interest expense is typically reported below operating expenses on the income statement as a separate line item. This is because interest expense is typically related to financing activities, rather than operational activities. Wages expense, rent expense, and cost of goods sold are all examples of operating expenses that are directly related to the operations of the business.

Which of the Following Is Not Reported as an Operating