Question

Which of the following items are reported in operating income?

a) selling expenses
b) revenues
c) interest expense
d) research and development expenses

Answer 1

In operating income, selling expenses, revenues, and interest expense are reported, while research and development expenses are not typically included.

Step-by-step explanation:

In operating income, the following items are reported:

Research and development expenses are not typically reported in operating income. These expenses are associated with creating new products or improving existing ones, and are usually considered separate from the core operating activities of a business.