Income from operations for a merchandising company is sales less
A)operating expenses.
B)cost of goods sold.
C)non-operating items and cost of goods sold.
D)operating expenses and cost of goods sold.

Question

Quizplus · Accepted Answer

Income from operations for a merchandising company is calculated by subtracting both operating expenses and cost of goods sold from sales. This provides the profit generated from the core business activities.

Income from Operations for a Merchandising Company Is Sales Less