Mahar Wants to Calculate Net Income

question 65

Multiple Choice

Mahar wants to calculate net income.Which formula should he use?

• A) Gross profit minus total operating expenses minus income taxes
• B) Gross profit minus income taxes
• C) Revenues minus operating expenses
• D) Gross profit minus administrative expenses minus income taxes
• E) Gross profit minus operating expenses

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Definitions:

Productive Forgetting

The ability to abandon a solution that isn’t working in favor of a new one.

Supervisory Support

Assistance and guidance provided by supervisors or managers to their subordinates, typically aimed at encouraging well-being and improving performance.

Innovation

The process of creating, developing, and implementing new ideas, products, or methods that bring novel solutions to problems or improvements to existing conditions.

Creativity

The ability to generate new ideas, solutions, or innovations that are original and valuable.