In Which Section Does Interest Revenue Appear in the Income

question 62

Multiple Choice

In which section does Interest Revenue appear in the Income Statement?

• A) Other Income
• B) Other Expense
• C) Revenue
• D) Administrative Expenses

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Definitions:

Long-term Investment

Investments in assets or securities intended to be held for a period longer than one year for capital gains, dividends, or interest earnings.

Accounts Payable

Liabilities of a business representing its obligations to pay off a short-term debt to its creditors or suppliers.

Preferred Dividends

Payments made to preferred shareholders, typically fixed in amount or percentage, that are prioritized over dividends to common shareholders.

Inventory Increase

An upward adjustment in the book value of inventory, indicating a rise in the number of goods or materials on hand.