On the income statement, ________ is gross profit less all operating expenses.
A) retained earnings
B) net income
C) income from continuing operations
D) operating income

Name: On the income statement, ________ is gross profit less all operating expenses. A) retained earnings B) net income C) income from continuing operations D) operating income
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Question

Quizplus · Accepted Answer

Operating income is calculated by subtracting all operating expenses from gross profit.

On the Income Statement, ________ Is Gross Profit Less All