Examlex
Which of the following is true of a functional structure?
Operating Income
The profit earned from a firm's regular core business operations, excluding deductions of interest and tax.
Operating Expenses
Costs incurred in the normal operations of a business, such as salaries, utilities, and rent, exclusive of cost of goods sold.
Revenue Recognition
Revenue Recognition is the accounting principle that dictates the specific conditions under which income becomes recognized as revenue.
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