Subtracting nonoperating expenses from operating income yields:
A)income tax expense
B)profit before income taxes
C)net income
D)gross profit
E)none of the above

Question

Quizplus · Accepted Answer

Subtracting nonoperating expenses from operating income yields profit before income taxes, which is the amount of income earned by the company from its core operations before considering any nonoperating activities or expenses.

Subtracting Nonoperating Expenses from Operating Income Yields