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

question 21

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