Which of the following would not be used to calculate income from operations?
A)Gross profit.
B)Selling and administrative expenses.
C)Interest income.
D)Research and development expense.

Question

Quizplus · Accepted Answer

Interest income is not included in the calculation of income from operations, as it is not directly related to the company's core operations. Income from operations is calculated by subtracting selling and administrative expenses and research and development expense from gross profit.

Which of the Following Would Not Be Used to Calculate