At the local TD Bank ATM, there is a notice posted. It reads as follows: "Non-customers will be charged a fee of $3 per transaction for withdrawals at this ATM". Where would the fee income from this ATM show up in TD Bank's income statement? A) It would be included in its net interest income B) It would be included in its income from proprietary trading of securities C) It would be included in its income from sale of assets D) It would be included in its non-interest income
At the local TD Bank ATM, there is a notice posted. It reads as follows: "Non-customers will be charged a fee of $3 per transaction for withdrawals at this ATM". Where would the fee income from this ATM show up in TD Bank's income statement? A) It would be included in its net interest income B) It would be included in its income from proprietary trading of securities C) It would be included in its income from sale of assets D) It would be included in its non-interest income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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At the local TD Bank ATM, there is a notice posted. It reads as follows: "Non-customers will be charged a fee of $3 per transaction for withdrawals at this ATM". Where would the fee income from this ATM show up in TD Bank's income statement?
A) It would be included in its net interest income
B) It would be included in its income from proprietary trading of securities
C) It would be included in its income from sale of assets
D) It would be included in its non-interest income
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