Interest expense is reported asa. Other expense on the income statement. b. Other expense on the balance sheet. c. Other revenue on the balance sheet. d. Current liabilities on the income statement.

Question

Jamir Bradshaw

Business

12 October, 10:12

Interest expense is reported asa. Other expense on the income statement. b. Other expense on the balance sheet. c. Other revenue on the balance sheet. d. Current liabilities on the income statement.

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Answers (1)

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Steven Glass · Answer 1

Interest expense is reported as Answer: b. other expense on the income statement.

Explanation:

As it is a non-operating expense which is to be recorded in the income statement, implying that is reported as a other expense on the income statement.