Mock FRA restructuring costs part of operating income under GAAP?
This is a question about CFA lvl1 mock afternoon session Q48. It's an FRA question about operating profit under GAAP.
My question is that the answer included restructuring cost as an operating expense. Isn't it a debit on non-operating/non-recurring (but continuing) income? So does it mean that all infrequent or unusual items should be in operating income rather than non-operating income, and that non-operating income should only include interest expenses and other expenses related to financing?
Please help me clarify this concept! Thanks! |