The other revenues and expenses section of a multistep income statement could include all the following except
A) interest expense.
B) investment income.
C) dividend income.
D) rent expense.

Question

Quizplus · Accepted Answer

The other revenues and expenses section typically includes non-operating revenues and expenses, such as interest income and expense, investment income, and dividend income. Rent expense is typically included in the operating expenses section of the multistep income statement.

The Other Revenues and Expenses Section of a Multistep Income