Examlex
All of the following are broad principles underlying the accountant's code of professional ethics except
Operating Income
Income generated from a company's ongoing, core business operations, excluding deductions of interest and taxes.
Variable Costs
Costs that vary directly with the level of production or business activity.
Income From Operations
Income From Operations is the profit realized from a business's operational activities, excluding any investment income or taxes.
Contribution Margin Ratio
The contribution margin ratio is a financial metric that shows what percentage of sales revenue is not consumed by variable costs and thus contributes to covering fixed costs.
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