Operating income excludes each of the following,except:
A)Interest expense.
B)Income taxes.
C)Depreciation.
D)Purchase discounts lost.

Name: Operating income excludes each of the following,except: A)Interest expense. B)Income taxes. C)Depreciation. D)Purchase discounts lost.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Operating income includes depreciation as it is a non-cash operating expense, while interest expense, income taxes, and purchase discounts lost are not included in operating income.

Operating Income Excludes Each of the Following,except