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Journal entryIntermediatePublished

Question · The investing category

Atlas SA, an industrial entity with no specified main business activity, had classified in the investing category income of 150,000 from the sale of by-products of its own manufacturing. The year-end review concludes that this income arises from its operating activities and belongs in the operating category (case facts). Record the presentation entry that reclassifies this income.

Income to be reclassified
150,000
Your answer
  1. Line 1

    Account Income removed from the investing category

  2. Line 2

    Account Income moved to the operating category

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