I understand that Sales is the major operating income for a business! Are there other examples of (minor) operating incomes/gains?
If I had to classify income and gains of a business into "operating" and "non-operating" how would I classify
- DISCOUNT RECEIVED
- BAD DEBTS RECOVERED
- COMMISSION RECIEVED (related to line of business)
- SHARE TRANSFER FEES (recvd)
- SALE OF OLD OFFICE FILES AND NEWSPAPERS
- SALE OF FACTORY SCRAP (resulting from manufacturing)
Thanks