Which of the items below would be included under "Other income and expense"?
A)Salaries, interest expense, equity losses.
B)Equity earnings, gains from sale of assets, interest income.
C)Research and development, dividend income, interest expense.
D)Advertising, cost of goods sold, selling and administrative expenses.

Question

Quizplus · Accepted Answer

Other income and expense typically refers to items that are not the primary sources of revenue or expenses for a company. Therefore, options A, C, and D include items that are more closely related to operational expenses and revenue. Option B includes items such as equity earnings and gains from the sale of assets, which can be considered as other income, while interest income can be considered as other income or expense depending on the specifics of the situation.

Which of the Items Below Would Be Included Under "Other