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Income from operations: Multiple choice question. is the difference between the net sales and the cost of goods sold represents the seller's maximum cushion available
Income from operations:
Multiple choice question.
is the difference between the net sales and the cost of goods sold
represents the seller's maximum "cushion" available to cover all other operating expenses before it is possible to have net income
is a subtotal on the income statement that is not affected by the firm's tax rate or by amount of interest expense incurred
appears on the income statement after income before taxes
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