Which of the Following Accounts Could Be Included in Both

question 6

Multiple Choice

Which of the following accounts could be included in both the "income from operations" and the "income from non-operating sources" sections of the income statement?

• A)Interest expense
• B)Amortization expense
• C)Bad debt expense
• D)Insurance expense

---

Definitions:

Premises

Buildings and land owned or occupied by a person or organization.

Formal operational thinking

A stage in Jean Piaget's theory of cognitive development, starting around age 12, where individuals gain the ability to think abstractly and logically.

Concrete operational thinking

A stage in cognitive development where children gain the ability to think logically about concrete events.

Systematically solve problems

Employing a methodical and organized approach to identifying solutions to issues.