Question
Which of the following is a correct definition of operating income? Multiple Choice Sales minus variable expenses. Sales minus variable expenses and traceable fixed expenses.
Which of the following is a correct definition of operating income?
Multiple Choice
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Sales minus variable expenses.
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Sales minus variable expenses and traceable fixed expenses.
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Contribution margin minus traceable and common fixed expenses.
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Income before interest and taxes (EBIT).
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Financial Accounting
Authors: Kermit D. Larson, William W. Pyle
4th Edition
0256067813, 978-0256067811
