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.Interest expense is the result of borrowing money and not of day-to-day operations of making and/or selling products and/or services.Therefore, interest expense is not listed as an operating expense.

Question

Quizplus · Accepted Answer

Interest expense is not considered an operating expense because it is the result of borrowing money and not directly related to the day-to-day operations of the business. Operating expenses include expenses such as wages, rent, and cost of goods sold, which are directly related to the production and selling of goods or services.

Which of the Following Is Not Reported as an Operating