Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 4 - Income Statement and Related Information - Review and Practice - Using Your Judgment - Financial Reporting Problem - Page 192: d

Answer

The distinction is imperative because the operating revenue relates to P & G's core revenue-generating activities, whereas the non-operating income is unrelated to the entity's major operational activities.

Work Step by Step

The distinction is imperative because the operating revenue relates to P & G's core revenue-generating activities, whereas the non-operating income is unrelated to the entity's major operational activities.
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