In a multi-step income statement, which of the following items is excluded from the calculation of operating income?

A) gross profit
B) interest expense
C) selling expense
D) administrative expense


B) interest expense

Business

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To examine in detail the weekly payroll figures of all employees, one would look at

a. the payroll register.
b. the employee's individual earnings record.
c. time cards.
d. Form W-4.
e. the general ledger.

Business

Describe the four steps to foster innovation.

What will be an ideal response?

Business

A homeowner is liable for negligenceĀ per seĀ if he or she fails to repair a damaged sidewalk in front of his or her home and a pedestrian who trips on the unrepaired sidewalk is injured.

Answer the following statement true (T) or false (F)

Business

A business that is an example of NOT creating a services portfolio is:

a. A pest control company that provides environmentally safe chemicals for ants, mosquitoes, ticks, and deer. b. A tax preparation company that provides specific services for individual households and small businesses. c. A home repair business that specializes in residential house painting. d. A university that provides online education programs for undergraduates, MBAs, alumni, and companies in the form of executive education.

Business