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Determine how operating expense because interest charges

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Reference no: EM132474330

Question 1: In a multiple-step income statement, interest expense usually is not classified as an operating expense because interest charges:

Multiple Choice

option 1: The statement is incorrect. Interest usually is classified as an operating expense.

option 2: Do not contribute to the production of revenue.

option 3: Stem from the manner in which assets are financed, not the manner in which they are used in business operations.

option 4: Relate directly to the cost of goods sold.

Reference no: EM132474330

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