Revenues from peripheral transactions are considered gains, while those from a company's principal line of business would be considered sales or revenues.

Question

Quizplus · Accepted Answer

Revenues from peripheral transactions are indeed considered gains because they arise from activities that are not part of a company's primary operations, whereas revenues from the principal line of business are considered sales or operating revenues, reflecting the core activities of the company.

Revenues from Peripheral Transactions Are Considered Gains, While Those from a Company's