Net Income Plus Operating Expenses Is Equal to

question 188

Multiple Choice

Net income plus operating expenses is equal to

• A)cost of merchandise sold
• B)cost of merchandise available for sale
• C)sales
• D)gross profit

---

Definitions:

Restrictive Covenant

A contractual clause limiting future behaviour. A means by which an owner of property may continue to exercise some control over its use after the property has been conveyed to another.

Injunction

A court order requiring a party to do or cease doing a specific action.

Servient Tenement

A parcel of land subject to a right-of-way or easement.

Right of Way

The legal right to pass through property owned by another person or entity, typically referring to transportation and utility infrastructure.