Question
Consider a multi-step income statement. If sales are $1,000,000; interest revenue is $25,000; gain on sale of equipment is $12,000 and interest expense is $10,000.
Consider a multi-step income statement. If sales are $1,000,000; interest revenue is $25,000; gain on sale of equipment is $12,000 and interest expense is $10,000. What amount should be reported under the heading "Other Revenues and Gains"?
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Fundamentals Of Oil And Gas Accounting
Authors: Charlotte J. Wright, Rebecca A. Gallun
5th Edition
1593701373, 978-1593701376
