Which of the following is NOT included in the calculation of net income? a) Revenues b) Cost of Goods Sold c) Operating Expenses d) Dividends

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 23MC: Which of the following accounts would not be reported under revenue on a simple income statement? A....
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Which of the following is NOT included in
the calculation of net income?
a) Revenues
b) Cost of Goods Sold
c) Operating Expenses
d) Dividends
Transcribed Image Text:Which of the following is NOT included in the calculation of net income? a) Revenues b) Cost of Goods Sold c) Operating Expenses d) Dividends
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