Non-operating activities on the income statement

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Reference no: EM131994032

1. Non-operating activities on the income statement are:

continuing activities done on the side (not the main source of revenue for the firm).

continuing activities that are the main source of revenue for the firm.

non-continuing activities that generated a significant one-time revenue or loss.

non-continuing activities that generated an insignificant one-time revenue or loss.

2. Normally, the first note to the financial statements is:

a discussion of subsequent events

management’s discussion and analysis

the auditor’s report

the summary of significant accounting policies

Reference no: EM131994032

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