Which of the Following Is Not Subtracted to Arrive at Operating

question 1

Multiple Choice

Which of the following is not subtracted to arrive at operating income?

• A) interest expense.
• B) cost of goods sold.
• C) amortization.
• D) selling and administration expense.

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Definitions:

Unemployment Insurance

A government program that provides temporary financial assistance to workers who have lost their jobs through no fault of their own.

Corporate Profits Tax

A tax imposed on the profits earned by corporations, factoring in their revenue minus expenses and deductions.

National Debt

The total amount of money that a country's government has borrowed through issuing securities and not yet repaid, often as a result of spending more than it receives in taxes.

Budget Balancing

The process of adjusting government spending and revenue to ensure that the budget is not in deficit, aiming for a balanced budget.