What appears at the bottom of income statements prepared for managerial use to distinguish it from net income used in external reporting?
A)Other comprehensive income
B)Operating profit
C)Gross margin
D)Net profit (or loss)

Question

Quizplus · Accepted Answer

Operating profit is often used in managerial income statements to provide insight into the company's core business performance, excluding non-operating items and taxes, which are included in net income for external reporting.

What Appears at the Bottom of Income Statements Prepared for Managerial