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. By offsetting interest income and interest expense and showing the excess as an operating revenue or expense C. By showing interest income as additional sales revenue and interest expense as an operating expense D. As separate items of other income and expense below the net operating income or loss

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

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

Explanation:

Interest income and expense are financing activities items.  They do not form part of the operating income or loss.  This is why they are shown separately after the determination of the net operating income or loss but before the deduction of income taxes.  The reason for this separation is that for a merchandising company, its operating income or loss does not include earned interest income or interest expense but costs related to the merchandise sold, including selling and administrative expenses.

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.

answer; ///pegged exchange rate with the united states;