Which of the following best represents operating income? Seleccione una: Oa. Income after financing activities O b. Earnings before interest and taxes O c. Income from discontinued operations Od. Income from capital gains

Which of the following best represents operating income? Seleccione una: Oa. Income after financing activities O b. Earnings before interest and taxes O c. Income from discontinued operations Od. Income from capital gains

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 20MC: Which of the following is a measurement of earnings that represents the profit before interest,...

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Question

Which of the following best represents operating income? Seleccione una: a. Income after financing activities b. Earnings before interest and taxes c. Income from discontinued operations d. Income from capital gains

Which of the following best represents operating income?
Seleccione una:
Oa. Income after financing activities
Ob. Earnings before interest and taxes
O c. Income from discontinued operations
O d. Income from capital gains

Definition Definition Increase in the value of a capital asset and the amount that is realized when the asset is sold off. A capital gain may be short-term or long-term depending on the tenure for which the asset is held.

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