Which of the Following Statements Is False

question 18

Multiple Choice

Which of the following statements is false?

• A)The income statement covers a period of time.
• B)A loss on the sale of plant and equipment is considered a peripheral activity and is not reported on the income statement.
• C)Rent expense is a component of operating income.
• D)Interest expense is not a component of operating income.

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Definitions:

Fear of Elevators

A specific phobia concerning the fear or anxiety associated with using elevators, often leading to avoidance of them.

Flooding

Flooding is a psychological treatment method that exposes the patient to their fear or trauma in a safe, controlled environment to help them overcome it.

Earthworms

Invertebrate creatures that belong to the class Oligochaeta and play a key role in improving soil fertility by aerating and enriching it.

Nauseating

Causing or liable to cause a sensation of unease or disgust.