Which of the following can be found on the income statements of both a manufacturing and service organization?
A) revenues
B) operating income
C) administrative expenses
D) all of these can be found on both.

Question

Quizplus · Accepted Answer

All of these items—revenues, operating income, and administrative expenses—are common to the income statements of both manufacturing and service organizations. Revenues represent the income earned from the sale of goods or services, operating income reflects the profit from operations after deducting operating expenses, and administrative expenses are the overhead costs not directly tied to a specific function like manufacturing or sales but necessary for the overall administration of the business.

Which of the Following Can Be Found on the Income