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Which statement is TRUE about depression?
Operating Income
The profit realized from a business's core business operations, excluding deductions of interest and tax.
Operating Expenses
Costs associated with running the day-to-day operations of a business which are necessary to keep the business functioning, excluding the cost of goods sold.
Gross Profit
The distinction between the income from sales and the expense of goods sold prior to subtracting costs for overheads, wages, taxes, and interest.
Cost of Goods Sold
This is an accounting term that refers to the direct costs attributable to the production of the goods sold by a company.
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