Operating income Operating income is calculated by deducting operating expenses from gross profit. Operating expenses are the
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Operating income Operating income is calculated by deducting operating expenses from gross profit. Operating expenses are the expenses incurred during normal operations. These expenses are recurring in that they are generally incurred each period. Operating income measures the profit earned by the principal activities of the company. It is often used to compare the profitability of two or more companies or divisions within the same company. Which of the following would not be listed with operating expenses?
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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