On the multiple step income statement, which of the following is an example of a non-operating (other) expense?

Question

Quizplus · Accepted Answer

Interest expense is a non-operating expense because it is not directly related to the company's main operations. Depreciation expense, selling expense, and research and development costs are all operating expenses because they are necessary for the day-to-day operations of the business.

On the Multiple Step Income Statement, Which of the Following