Which of the Following Statements About a Multiple-Step Income Statement

question 113

Multiple Choice

Which of the following statements about a multiple-step income statement is not true?

• A)Net income plus income tax expense is equal to income before income taxes.
• B)Depreciation would be considered an operating expense.
• C)Income before income taxes less non-operating expenses,plus non-operating revenues is equal to income from operations.
• D)Net income plus income tax expense plus non-operating expenses less non-operating revenues equals income from operations.

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Definitions:

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