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To properly report operating income on the income statement, you must: A) Add indirect Manufacturing Costs to Selling, General, and Administrative Expenses to compute total
To properly report operating income on the income statement, you must: A) Add indirect Manufacturing Costs to Selling, General, and Administrative Expenses to compute total Operating Costs and then subtract operating costs from Revenue to compute operating income B) Subtract Cost of Goods Manufacted from Revenue to compute Gross Margin and then subtract operating costs to compute operating income C) Add Materials Issued to Production, Direct Labor, and Manufacturing Overhead to compute Cost of Goods Sold. Then subtract COGS from Revenue to compute gross margin and subtract operating costs to compute operating income D) Subtract Cost of Goods Sold from Revenue to compute Gross Margin and then subtract operating costs to compute operating income E) Subtract Indirect Manufacturing Costs and Cost of Goods Sold to compute Gross Margin and then subtract Selling. General, and Administrative Expenses to compute operating income F) Subtract Cost of Goods Manufactured and Selling. General, & Administrative Expenses from Revenue to compute Operating Income. G) Subtract total Manufacturing Costs from Revenue to compute Gross Margin and then subract Selling, General, & Administrative Expenses to compute operating profit
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