In which section of the income statement should discontinued operations be classified?

Net sales.

Operating expenses.

Other revenue/expense.

Special items.

Flag this Question

Question 24

5 pts

Since other income or expense items are not part of daily operations there is no need to analyze these accounts.

True

False

Flag this Question

Question 25

5 pts

In which section of the income statement should interest expense be classified?

Net sales.

Operating expenses.

Other revenue/expense.

Special items.