Which of the following items would be excluded from "core activities" as defined by the AICPA?
A)recurring nonoperating gains
B)financing costs
C)sales revenue
D)sales commissions

Question

Quizplus · Accepted Answer

Financing costs would be considered non-core activities and excluded from the definition of core activities as defined by the AICPA. Recurring nonoperating gains may or may not be excluded depending on the specific circumstances, while sales revenue and sales commissions would generally be considered part of core activities.

Which of the Following Items Would Be Excluded from "Core