Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 4 - Using Your Judgment - Financial Reporting - Instructions - Page 200: d

Answer

P&G separates its nonoperating from operating income to make it easier to understand income from operating transactions.

Work Step by Step

By separation of expense and revenue items, the reader can easily understand the impacts of financing activities from operating activities.
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