Income from operations is arrived at 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 the revenue generated from the core business operations after deducting the cost of goods sold, operating expenses including administrative salaries, and sales returns/allowances. Interest income is not considered a part of the company's core operations and therefore not included in income from operations.

Income from Operations Is Arrived at After Considering All Except