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give two examples of operating vs. nonoperating assets and liabilities, and explain why they are categorized...

give two examples of operating vs. nonoperating assets and liabilities, and explain why they are categorized as such

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Answer #1

Assets.

Operating - Plant & Machinery Are used in the day to day operations & hence Operating

Inventory is the basic raw material from which goods are produced.

Non Operating - Investments in shares are not directly linked to the business of manufacturing Co.

Plant & Machinery for Banks will be treated as Non operating

Liabilities

Operating - Dues to the creditors, as creditors supply raw materials for manufacturing.

The salary due to staff, as they provide service to the organization.

Non Operating - Taxes due to the government.

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