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18. How is net income calculated in an income statement? a. Net income Net operating income + Interest b. Net income Gross profit - Retained

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18. How is net income calculated in an income statement? a. Net income Net operating income + Interest b. Net income Gross profit - Retained earnings c. Net income Net sales -Variable operating costs d. Net income Earnings before taxes - Taxes e. Net income Net cash flow + Depreciation

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