Which of the Following Statements About Net Income (NI) Is

question 38

Multiple Choice

Which of the following statements about net income (NI) is true?

• A) NI = operating income plus nonoperating revenue.
• B) NI = operating income plus operating costs.
• C) NI = operating income less income taxes.
• D) NI = operating income less cost of goods sold.

---

Definitions:

Mistakes

Errors or faults in action, decision, or judgment that can lead to unforeseen outcomes or learning opportunities.

Internal Control

A process implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Self-Discipline

The ability to control one's feelings, impulses, and actions, focusing on achieving long-term goals rather than giving in to immediate desires.

Motivated Individuals

People who are driven by internal or external factors to achieve goals, complete tasks, or pursue interests.