Accrued interest is recorded as an expense or as revenue on the income statement, depending on whether the interest is being ...

From the income statement: Net Income + Interest Expense + Tax Expense From operations: Revenue – Operating Expenses (excluding interest and taxes) EBIT is used rather than net income because it ...

It's located on the bottom line of the income statement ... include cost of goods sold and all other expenses like for payroll, marketing, as well as interest, depreciation, amortization, and ...