Which of the following statements about net income (NI) is true?
A) NI = operating income - income taxes
B) NI = operating income + operating costs
C) NI = operating income + non-operating revenues less non-operating costs
D) NI = operating income less Cost of Goods Sold
E) NI = operating revenue less Cost of Goods Sold

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements about net income (NI) is true?
A) NI = operating income - income taxes
B) NI = operating income + operating costs
C) NI = operating income + non-operating revenues less non-operating costs
D) NI = operating income less Cost of Goods Sold
E) NI = operating revenue less Cost of Goods Sold

Which of the Following Statements About Net Income (NI) Is