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    nvc220 Posts: 1, Reputation: 1
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    #1

    May 26, 2009, 09:16 AM
    Multi-step income statement
    Where does Rent revenue go under on the multi-step income statement?
    ascalia's Avatar
    ascalia Posts: 4, Reputation: 1
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    #2

    May 26, 2009, 10:20 AM

    Rent revenue usually appears under the Non-Operating Section (Other revenues or expenses category) on the income statement. For your info, rent revenue represents earnings for letting others use assets (building) owned by the business.
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