The income from operations is calculated by subtracting operating expenses from
A) revenue.
B) net sales.
C) gross profit.
D) cost of merchandise sold.

Name: The income from operations is calculated by subtracting operating expenses from A) revenue. B) net sales. C) gross profit. D) cost of merchandise sold.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Income from operations is calculated by subtracting operating expenses from gross profit. Gross profit is derived from net sales minus the cost of merchandise sold.

The Income from Operations Is Calculated by Subtracting Operating Expenses