BNN Corporation Expects to Operate at a Profit in Its

Multiple Choice

BNN Corporation expects to operate at a profit in its next fiscal year. Which of the following statements about its budgeted income statement is true?

A) Operating expenses are expected to be greater than gross profit.
B) Operating income is expected to be greater than net income.
C) Net income is expected to be greater than operating income.
D) Gross profit minus operating expenses will equal net income.