Income that cannot be associated definitely with operations, such as a gain from the sale of a fixed asset, is listed as Other Revenue on the multiple-step income statement.

Question

Quizplus · Accepted Answer

Other Revenue is a category on the income statement that includes income that cannot be directly attributed to the company's main operations, such as gains from the sale of investments or fixed assets. Therefore, the statement is true.

Income That Cannot Be Associated Definitely with Operations, Such as a Gain