There will be income from operations if:
A) revenues are greater than cost of goods sold.
B) revenues are greater than operating expenses.
C) gross profit is greater than operating expenses.
D) cost of goods sold is greater than operating expenses.

Question

Quizplus · Accepted Answer

Income from operations is calculated as gross profit minus operating expenses. If gross profit is greater than operating expenses, there will be income from operations.

There Will Be Income from Operations If