In a multi-step income statement, which of the following would be included under "Other Revenues/Gains"?

In a multi-step income statement, "Other Revenues/Gains" represents income generated from activities not related to the core operations of the business. This typically includes revenues sourced from investments, such as interest received on investments. It reflects additional income that can positively affect net income but is not a direct result of selling goods or providing services.

Interest received on investments is categorized as "Other Revenues/Gains" because it arises from financial activities rather than the primary business operations of selling products or services. Unlike revenue from selling products, which falls under operating revenues, or costs associated with goods sold and operating expenses, which are crucial to determining operating profit, interest earned provides additional insight into how well the company is managing its investments and overall financial health. This distinction helps users of financial statements understand the various income sources contributing to the company's profitability.