Examlex
Which of the following is NOT true?
Operating Income
Earnings before interest and taxes (EBIT), a measure of a company's profitability from its operations.
Variable Costing
An accounting method that assigns only variable production costs to products, treating fixed costs as period costs.
Absorption Costing
An accounting method that includes all manufacturing costs (fixed and variable) in the cost of a product.
Operating Income
Income generated from regular business operations, excluding deductions of interest and taxes.
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