Gain on sale of equipment and interest expense are reported under other revenues and gains in a multiple-step income statement.

Name: Gain on sale of equipment and interest expense are reported under other revenues and gains in a multiple-step income statement.
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Gain on sale of equipment is typically reported under non-operating items or other gains/losses, while interest expense is usually reported under operating expenses in a multiple-step income statement.

Gain on Sale of Equipment and Interest Expense Are Reported