Net Income Plus Operating Expenses Is Equal to

question 71

Multiple Choice

Net income plus operating expenses is equal to

• A) cost of goods sold
• B) cost of merchandise
• C) sales
• D) gross profit

---

Definitions:

Deductive Steps

Logical sequences where the conclusion necessarily follows from the premises, ensuring the conclusion's truth if the premises are true.

Inductive Steps

The process in inductive reasoning where generalizations are made based on specific instances or observations, leading to the formulation of hypotheses or theories.

Argument

A reasoned set of statements aimed at persuading someone of the truth or falsity of a concept.

Generalization

The method of creating broad ideas by identifying and extracting shared attributes from examples.