Interest expense would be classified on a multiple-step income statement under the headingO Operating expenses.Other expenses and losses.O Cost of goods sold.,O Other revenues and gains.

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Description: Interest expense would be classified on a multiple-step income statement under the headingO Operating expenses.Other expenses and losses.O Cost of goods sold.,O Other revenues and gains.

Interest expense is an expenses.

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Interest expense would be classified on a multiple-step income statement under the heading O Operating expenses. O Other expenses and losses. O Cost of goods sold., O Other revenues and gains.

Accounting (Text Only)

26th Edition

ISBN:9781285743615

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter15FSI: Financial Statements For Mornin' Joe International

Section: Chapter Questions

Problem 3DQ

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