Items that are not expected to recur on a regular basis are subtracted from gross margin to determine the amount of net income.

Name: Items that are not expected to recur on a regular basis are subtracted from gross margin to determine the amount of net income.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Non-recurring items are typically adjusted for separately and not directly subtracted from gross margin to determine net income. They are accounted for after operating income in the income statement.

Items That Are Not Expected to Recur on a Regular