Which of the following is/are true?
a. After cost of sales, the income statement typically shows deductions for other expenses associated with operations (other operating expenses).
b. Many firms present a subtotal called operating income or operating profit, the difference between revenues and expenses associated with core operating activities.
c. Two common types of operating expenses are selling, general, and administrative expenses (SG&A) and research and development expenses (R&D).
d. All of the above are true.
e. None of the above are true.
D
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What is a partial dependency?
Which of the following is the most logical reason that many organizations rely heavily on personal selling?
A) to make more efficient use of the promotional mix B) to quickly move a product to the maturity stage of the product life cycle C) to create consistent marketing communications D) to more effectively sell highly technical or very expensive products E) to decrease promotional expenditures
X-1 Corp's total assets at the end of last year were $395,000 and its EBIT was $52,500. What was its basic earning power (BEP) ratio?
A. 11.30% B. 15.55% C. 11.70% D. 16.35% E. 13.29%
Personnel manuals have been held to constitute an employee contract
Indicate whether the statement is true or false