Positive operating income will result if gross profit exceeds
A)costs of goods sold.
B)salaries and wages expense.
C)cost of goods sold plus operating expenses.
D)operating expenses.

Name: Positive operating income will result if gross profit exceeds A)costs of goods sold. B)salaries and wages expense. C)cost of goods sold plus operating expenses. D)operating expenses.
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Question

Quizplus · Accepted Answer

Positive operating income occurs when gross profit, which is sales minus cost of goods sold, exceeds operating expenses.

Positive Operating Income Will Result If Gross Profit Exceeds