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Which of the following statements about net income (NI) is true? NI= operating income - income taxes NI= operating income + operating costs NI= operating

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Which of the following statements about net income (NI) is true? NI= operating income - income taxes NI= operating income + operating costs NI= operating income + non-operating revenues less non-operating costs NI= operating income less Cost of Goods Sold NI= operating revenue less Cost of Goods Sold

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