Income from operations is gross profit less
1) operating expenses and other expenses and losses.
2) operating expenses plus other revenues and gains.
3) operating expenses.
A) 1
B) 2
C) 3
D) both 1 and 2

Name: Income from operations is gross profit less 1) operating expenses and other expenses and losses. 2) operating expenses plus other revenues and gains. 3) operating expenses. A) 1 B) 2 C) 3 D) both 1 and 2
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Question

Quizplus · Accepted Answer

Income from operations is calculated by subtracting operating expenses from gross profit.

Income from Operations Is Gross Profit Less