In a multi-step income statement,which of the following items are NOT included in Operating income?
A) Net sales
B) Interest expense
C) Selling expenses
D) General expenses

Question

Quizplus · Accepted Answer

Operating income only includes revenues and expenses directly related to the company's core operations, such as net sales and selling expenses. Interest expense and general expenses are not directly related to core operations and therefore not included in operating income.

In a Multi-Step Income Statement,which of the Following Items Are