Which expenses are subtracted from gross profit to arrive at income from operations?

Name: Which expenses are subtracted from gross profit to arrive at income from operations?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Only operating expenses are subtracted from gross profit to arrive at income from operations. Cost of merchandise sold and sales discounts are already included in the calculation of gross profit. All expenses include non-operating expenses such as interest and taxes, which are not relevant for calculating income from operations.

Which Expenses Are Subtracted from Gross Profit to Arrive at Income