Which of the following is NOT included in operating income?
A)Cost of goods sold
B)Sales
C)Taxes
D)Operating expenses

Name: Which of the following is NOT included in operating income? A)Cost of goods sold B)Sales C)Taxes D)Operating expenses
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Operating income is calculated by subtracting cost of goods sold and operating expenses from the sales revenue. Taxes are not a part of operating expenses and are not included in operating income.

Which of the Following Is NOT Included in Operating Income