Sinking Fund Income is reported in the income statement as
A) income from operations
B) extraordinary
C) gain on sinking fund transactions
D) other income

Name: Sinking Fund Income is reported in the income statement as A) income from operations B) extraordinary C) gain on sinking fund transactions D) other income
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Question

Quizplus · Accepted Answer

Sinking Fund Income is typically reported as "other income" on the income statement, as it is not directly related to the primary operations of the business.

Sinking Fund Income Is Reported in the Income Statement as