Accounting MCQ Accounting The primary distinction between operating activities and nonoperating activities in a multiple-step income statement is whether the activity is:

The primary distinction between operating activities and nonoperating activities in a multiple-step income statement is whether the activity is:

Naim 12:24 Accounting

The primary distinction between operating activities and nonoperating activities in a multiple-step income statement is whether the activity is:

A) A large or small dollar amount.

B) Part of primary business operations.

C) Related to current versus long-term assets.

D) Reported as a revenue or an expense.

Answer: B

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