The distinction between operating and nonoperating income relates to: primary activities of the reporting entity. consistency of

Question

Fudgin [204]

4 years ago

10

The distinction between operating and nonoperating income relates to: primary activities of the reporting entity. consistency of

income stream. continuity of income. reliability of measurements.

Business

1 answer:

Harman [31] · Answer 1 · 2022-02-19T08:38:08+03:00

Answer: Primary activities of reporting entity.

Explanation: Operational income is money gotten from sales of products that are the main product a company produces. Such as regular sales of commodities produced.

Non-operational income is money earned by a firm from seasonal sales, or sales made once in a while.

The difference between both of them is activity involved whether it is regular or occasional in nature.