Corporations report which of the following in a separate section of the income statement?

Other revenues and gains.
Gross profit.
Income tax expense.
Cost of goods sold.

Question

12-06-2022
Business

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Corporations report which of the following in a separate section of the income statement?

Other revenues and gains.
Gross profit.
Income tax expense.
Cost of goods sold.

Respuesta :

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anthougo anthougo · Answer 1 · 2022-06-14T17:56:08+02:00

Corporations report A. Other revenues and gains in a separate section of the income statement.

What are other revenues and gains?

Other revenues and gains are reported in a separate section of the income statement.

These items include revenues and gains and expenses from the non-operating activities or auxiliary operations. The gains are not related to corporate operations.

Examples of other revenues and gains include:

Notes Receivable Interest Revenue
Gains from marketable securities.

Thus, corporations report A. Other revenues and gains in a separate section of the income statement.

Learn more about the different sections of the income statement at https://brainly.com/question/16945611

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Corporations report which of the following in a separate section of the income statement? Other revenues and gains. Gross profit. Income tax expense. Cost of goods sold.

Respuesta :

What are other revenues and gains?

Otras preguntas

Corporations report which of the following in a separate section of the income statement?

Other revenues and gains.
Gross profit.
Income tax expense.
Cost of goods sold.