Which of the Following Statements About Net Income (NI)is TRUE

question 14

Multiple Choice

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

• A)NI = operating income - income taxes
• B)NI = operating income + operating costs
• C)NI = operating income + non-operating revenues less non-operating costs
• D)NI = operating income less Cost of Goods Sold
• E)NI = operating revenue less Cost of Goods Sold

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