Lannon Industries is a manufacturer of outdoor furniture. Which of the following expenses incurred during the year would be reported as an operating expense in a multiple-step income statement? Both of the above Interest on note payable Cost of factory employee health insurance neither of the above

Lannon Industries is a manufacturer of outdoor furniture. Which of the following expenses incurred during the year would be reported as an operating expense in a multiple-step income statement? Both of the above Interest on note payable Cost of factory employee health insurance neither of the above