Which One of the Following Is NOT Included in the Calculation

question 107

Multiple Choice

Which one of the following is NOT included in the calculation of operating income?

• A)sales
• B)depreciation
• C)interest expense
• D)cost of goods sold
• E)other operating expenses

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Definitions:

Closing Values

The final price at which a security is traded on a given trading day, used for financial reporting and analysis.

Contributed Capital

Funds that shareholders invest in a company by purchasing shares directly from the company.

Functional Currency

The currency of the primary economic environment in which an entity operates; used in financial reporting.

Closing Rates

The exchange rates used to convert the financial statements of a foreign subsidiary into the presentation currency of the parent company for consolidation purposes.