Fianancial Reporting

Serendipity3 · #1 Dec 11, 2007, 07:42 AM

Hi again,

I need some help on another question please.

If I am slotting these revenues and expenses, gains and losses where should they
be reported on a multiple-step income statement?

Item Oper. Section Below the Not on the
Operating Section Income Statement

Depreciation Expense

Gain on discontinued
operations

Loss on currency translation

Credit sales

Interest income

Thanks for your help in advance.

Smith21000 · Dec 11, 2007, 10:57 AM

See if this link helps: Online Accounting Course | Income Statement (4)



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