Question: 3 1 . Which formula is used to calculate operating income? a . Revenue + Direct Operating Cost ( = ) Operating Income

31. Which formula is used to calculate operating income? a. Revenue + Direct Operating Cost \(=\) Operating Income b. Indirect Operating Cost - Revenue \(=\) Operating Income c. Gross Income - Operating Expenses \(=\) Operating Income d. Gross Profit - Indirect Operating Cost \(=\) Operating Income
3 1 . Which formula is used to calculate

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