Interest Expense is classified as a(n):
A)Administrative Expense
B)Other Expense
C)Selling Expense
D)Other Income

Name: Interest Expense is classified as a(n): A)Administrative Expense B)Other Expense C)Selling Expense D)Other Income
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Interest expense is not directly related to selling or administrative activities. It is typically classified as an "Other Expense" on the income statement. It cannot be classified as "Other Income" because it represents a cost, not revenue.

Interest Expense Is Classified as A(n)