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  1. business
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  3. on the income statement of a merchandising company

On the income statement of a merchandising company, interest income and interest expense are reported:...

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Question

Accounting

On the income statement of a merchandising company, interest income and interest expense are reported:

Select one:

A. As part of cost of goods sold

B. As separate items of other income and expense below the net operating income or loss

C. By showing interest income as additional sales revenue and interest expense as an operating expense

D. By offsetting interest income and interest expense and showing the excess as an operating revenue or expense

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