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Should interest income on past due a/r invoices show up in the same area as sales income on income statement?

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Should interest income on past due a/r invoices show up in the same area as sales income on income statement?

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  1. No, it should be placed in the 'Other Income/Expense' section at the bottom of the income statement under 'Interest Income'. The section that includes 'Sales Income' often is titled 'Ordinary Income/Expense'.

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