Which of the Following Describes the Reporting of Interest Expense

question 99

Multiple Choice

Which of the following describes the reporting of interest expense on the income statement?

• A)It is reported as an operating expense.
• B)It is a component of operating income.
• C)It is deducted from operating income.
• D)It is added to operating income.

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Definitions:

French Explorations

The overseas exploration by France, particularly during the 16th and 17th centuries, primarily focused on North America and parts of the Caribbean and South America.

New World

A term used to describe the Western Hemisphere, particularly the Americas, discovered by European explorers during the Age of Discovery, contrasting with the Old World of Europe, Asia, and Africa.

Permanent European Settlement

The establishment of enduring communities in the Americas, Australia, and other parts of the world by European explorers and colonists starting in the late 15th century.

Southwest

A region in the United States generally considered to include Arizona, New Mexico, Texas, and parts of surrounding states, known for its desert landscape and cultural heritage.