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Question:
What are some of the major line items on the Income Statement?
Answer:
Revenue
- COGS (Cost of goods sold)
Gross Profit
- Operating Expenses (SG&A)
Operating Income (EBIT)
- Non-operating expenses (Interest expense)
- Taxes
= Net Income
Revenue
- COGS (Cost of goods sold)
Gross Profit
- Operating Expenses (SG&A)
Operating Income (EBIT)
- Non-operating expenses (Interest expense)
- Taxes
= Net Income
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