Which of the following statements about net income (NI)is TRUE?
A)NI = operating income - income taxes
B)NI = operating income + operating costs
C)NI = operating income + non-operating revenues less non-operating costs
D)NI = operating income less Cost of Goods Sold
E)NI = operating revenue less Cost of Goods Sold

Question

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The Answer of Which of the following statements about net income (NI)is TRUE?
A)NI = operating income - income taxes
B)NI = operating income + operating costs
C)NI = operating income + non-operating revenues less non-operating costs
D)NI = operating income less Cost of Goods Sold
E)NI = operating revenue less Cost of Goods Sold

Which of the Following Statements About Net Income (NI)is TRUE