1 operating and non operating income differ in that operating income relates to

a the primary revenue generating activities of the company

b the continuity and predictability of income items

c the consistency of a company income stream

d the reliability of income statement amounts

2 what is the effect on earning per share (EPS) when a company repurchase shares of its own stock..?

a eps decrease

b eps increase

c No effect on eps if the shares are considered to be retired

d No effect on eps if the shares are held as treasury shares