Which of the following income statement items is considered to be permanent?
A) gains on disposal of equipment
B) impairment losses
C) interest expense
D) discontinued operations

Name: Which of the following income statement items is considered to be permanent? A) gains on disposal of equipment B) impairment losses C) interest expense D) discontinued operations
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Question

Quizplus · Accepted Answer

Interest expense is considered a permanent item as it recurs regularly and is part of the ongoing operations of a business.

Which of the Following Income Statement Items Is Considered to Be