Which of the Following Statements About a Multistep Income Statement

Multiple Choice

Which of the following statements about a multistep income statement is not correct?

A) Income before income taxes = Net income + Income tax expense
B) Depreciation is subtracted in the calculation of core operating results.
C) Income from operations = Income before income tax expense + Other revenues (expenses) ,net
D) Income from operations = Net income + Income tax expense − Other revenues (expenses) ,net