The following information has been provided by Hable Company: • Advertising expense $9,900
• Interest expense $3,700
• Rent expense for store $12,000
• Loss on sale of property and equipment $5,700
• Cost of goods sold $21,300
• Depreciation expense $7,100
• Prepaid insurance expense $1,000
What is the amount included in the Other Items section of Hable's income statement?
A)$19,300.
B)$9,400.
C)$3,700.
D)$13,800.

Question

Quizplus · Accepted Answer

The Other Items section typically includes non-operating expenses such as interest expense and losses on sales of assets. Here, the interest expense is $3,700, which is included in the Other Items section.

The Following Information Has Been Provided by Hable Company: •