Multiple Choice
Examples of nonoperating items that would appear on an income statement are:
A) Interest income, sales salaries, gain on sale of land.
B) Income taxes, interest expense, loss on sale of investments.
C) Interest expense, gain on sale of equipment, loss on sale of investments.
D) Depreciation expense, interest income, interest expense.
Correct Answer:

Verified
Correct Answer:
Verified
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