If a heavy equipment manufacturer sold heavy equipment in the normal course of its operations, where would the related amount be reported on a multi-step income statement?

Question

Quizplus · Accepted Answer

Selling heavy equipment in the normal course of its operations is a primary activity for a heavy equipment manufacturer. Therefore, the related amount would be reported in income from operations on a multi-step income statement. This section reflects revenues and expenses directly related to the core business activities.

If a Heavy Equipment Manufacturer Sold Heavy Equipment in the Normal