Income from operations is arrived after considering all except
A) administrative salaries.
B) interest income.
C) the cost of sales.
D) sales returns and allowances.

Question

Quizplus · Accepted Answer

Income from operations is calculated by subtracting all expenses related to the operations of the business, including administrative salaries and the cost of sales, and also accounting for sales returns and allowances. Interest income, on the other hand, is not related to the core business operations, and therefore is not considered when calculating income from operations.

Income from Operations Is Arrived After Considering All Except