Which One of the Following Is NOT Included in Operating

question 45

Multiple Choice

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

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

---

Definitions:

Face Value

The nominal value of a security stated by the issuer, usually representing the amount to be repaid at maturity for bonds.

Times Interest Earned Ratio

A metric used to measure a company's ability to meet its debt obligations by comparing its interest expenses to its earnings before interest and taxes.

Debt

An amount of money borrowed by one party from another, under the condition that it is to be paid back at a later date, often with interest.

Investment

The action or process of investing money for profit or material result.