Net Income Does Not Include

question 26

Multiple Choice

Net income does not include

• A) income taxes expense.
• B) discontinued operations.
• C) foreign currency translation adjustments.
• D) extraordinary gains and losses.

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Definitions:

Commission

A form of payment to an employee or agent for conducting a transaction or sale, which is usually a percentage of the sale price.

Objective Measures

Quantitative assessments based on observable and verifiable facts, used to evaluate performance or progress.

Sales Manager

A professional responsible for directing and overseeing a company's sales team to meet or exceed sales targets.

Commission

A fee paid to an agent or employee for facilitating a transaction or sale, typically a percentage of the sale price.