Question

Expenses and revenues that relate directly to the principal revenue-generating activities of the company are classified as _________items on the income statement. (Enter only one word.)

Answer 1

Answer:

Expenses and revenues that relate directly to the principal revenue-generating activities of the company are classified as Operating Income items on the income statement.

Explanation:

Operating Income

• Operating income comprises revenues and expenses and gains and losses
• It instantly correlated to the principal revenue-generating movements of the company.
• Nonoperating income hold items that are not directly associated with these activities.

Learn more about operating income, refer:

• brainly.com/question/15681171
• brainly.com/question/23838348