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    Introduction to Management Accounting Study Set 1
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    Exam 16: Understanding Corporate Annual Reports: Basic Financial Statements
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    Nonoperating Items on a Multiple-Step Income Statement Do NOT Include
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Nonoperating Items on a Multiple-Step Income Statement Do NOT Include

Question 23

Question 23

Multiple Choice

Nonoperating items on a multiple-step income statement do NOT include ________.


A) interest income
B) interest expense
C) gain from disposal of a fixed asset
D) selling expenses

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