The difference between the ICO and the NICO is that

A. the NICO includes interest and dividend expense, but the NICO deducts these

b. the ICO uses net income while the NICO uses earnings available to common shareholders (EATCS)

C. the NICO takes into account a trade-in asset

D. the NICO includes all expenses, both cash and noncash (depreciation), while the ICO only considers cash expenses