Answered: Which of the following is an example of…

Which of the following is an example of a non-operating income item? a) Sales revenueb) Interest incomec) Wages expensed) Cost of goods sold

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter5: Support Department And Joint Cost Allocation

Section: Chapter Questions

Problem 9DQ: What are the two most often used ways of accounting for revenue from by-products?

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Question

Which of the following is an example of a non-operating income item?

a) Sales revenue
b) Interest income
c) Wages expense
d) Cost of goods sold

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