Selling and administrative expenses are subtracted from gross profit to obtain operating income. True False

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Selling and administrative expenses are subtracted from gross profit to obtain operating income. True False

Selling and administrative expenses are subtracted from gross profit to obtain operating income.

True

False

business economics

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Answer: True statement.

Selling and administrative expenses are subtracted from gross profit to obtain operating income.

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Selling and administrative expenses are subtracted from gross profit to obtain operating income. True False

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Selling and administrative expenses are subtracted from gross profit to obtain operating income. True False

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Selling and administrative expenses are subtracted from gross profit to obtain operating income. True False