Operating Income Is Equal to Total Revenue Minus

question 119

Multiple Choice

Operating income is equal to total revenue minus

• A) Goodwill.
• B) Cost of goods sold.
• C) Cost of goods sold, depreciation, operating and general expenses.
• D) Cost of goods sold and operating expenses plus depreciation.
• E) Cost of goods sold and depreciation.

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Definitions:

Drupe

A type of fruit with thin skin and a central stone containing the seed, for example, peaches, plums, and cherries.

Olive

A small, oval fruit with a hard pit and oily flesh, primarily grown in the Mediterranean region, used for its oil and as a food item.

Double Fertilization

A unique process in flowering plants where one sperm fertilizes the egg forming a zygote, and another sperm fertilizes two nuclei to form endosperm.

Antipodal Nuclei

Cells located at the opposite end of the embryo sac in flowering plants, often playing a role in nourishment and development of the embryo but undergoing degeneration in many species.