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    Exam 19: Projecting Cash Flow and Earnings
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    Which One of the Following Is NOT Included in the Calculation
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Which One of the Following Is NOT Included in the Calculation

Question 107

Question 107

Multiple Choice

Which one of the following is NOT included in the calculation of operating income?


A) sales
B) depreciation
C) interest expense
D) cost of goods sold
E) other operating expenses

Correct Answer:

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