pogo

Interest expense is non operating per the income statement however it is considered an operating item on the statement of cashflows. Think of EBIT earnings before interest and tax which is a proxy for operating income also if you look at an example of an income statement it shows operating income followed by interest expense. Realized gain on sale of available for sale securities is a comprehensive income item so it bypasses the income statement and it goes direct to equity under comprehensive income on the balance sheet.



Edited 1 time(s). Last edit at Wednesday, June 3, 2009 at 10:45AM by chung.da.neu.