Which of the following is incorrect as it relates to operating income? ...
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Accounting
Which of the following is incorrect as it relates to operating income?
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| a. A manufacturing company, operating income includes sales revenue from selling the products it manufactures minus cost of goods sold and operating expenses related to its primary activities. | 1 | ||
| b. Revenues, expenses, gains, and losses directly related to the primary revenue-generating activities of the company. | 0 | ||
| c. Operating income includes revenues, expenses, gains, and losses related to peripheral | 0 | ||
| d. Operating income is often presented as gross profit (sales revenue minus cost of goods sold) | 0 |
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