Multiple Choice
Which of the following is not subtracted in arriving at operating income?
A) Interest expense
B) Cost of goods sold
C) Depreciation
D) Selling and administrative expense
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q41: The Statement of Cash Flows has three
Q42: Assuming a tax rate of 21%, the
Q43: Which of the following is an inflow
Q44: Book value per share of stock is
Q45: A $125,000 credit sale could be a
Q47: An item which may be converted to
Q48: For corporations with low taxable income (less
Q49: The long-term investments account represents a commitment
Q50: It is not possible for a company
Q51: An increase in a liability account represents