In a multi-step income statement,Operating income includes selling expenses,general expenses and other revenue and expense.

Name: In a multi-step income statement,Operating income includes selling expenses,general expenses and other revenue and expense.
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Quizplus · Accepted Answer

Operating income includes revenues and expenses directly related to the core business operations, typically excluding selling expenses, general and administrative expenses, and other revenues and expenses not directly tied to the core activities.

In a Multi-Step Income Statement,Operating Income Includes Selling Expenses,general Expenses