CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

Net income is ______.
A. sales revenue - COGS
B. sales revenue - COGS - operating expenses
C. income before taxes - income taxes
Explanation: Sales revenue - COGS is gross profit.
Gross profit - operating expenses is income from operations.
Net income is after-tax income available to all shareholders.

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