How Is Income from Operations Determined

question 87

Multiple Choice

How is income from operations determined?

• A)By subtracting the cost of goods sold from sales
• B)By subtracting the total operating expenses from sales
• C)By subtracting the total operating expenses from gross profit
• D)By subtracting selling expenses from operating revenues

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Definitions:

Collective Conscious

The set of shared beliefs, ideas, and moral attitudes that operate as a unifying force within society.

Mechanical Societies

Societies characterized by simple divisions of labor and a strong sense of community and conformity, as described by sociologist Émile Durkheim.

Organic Societies

Societies characterized by complex differentiation and interdependence among its components, analogous to the organs of a living organism, often contrasted with simpler, more "mechanical" formations.

Collective Consciousness

is a term developed by Émile Durkheim to describe the set of shared beliefs, ideas, and moral attitudes which operate as a unifying force within society.