Financial statements include the balance ... as sales less the cost of goods sold. Operating expenses. These are the selling, general and administrative expenses that are necessary to run the ...

the income statement illustrates just how much income your company makes or loses during the year by subtracting cost of goods and expenses from total revenue to arrive at a net result ...

It's located on the bottom line of the income statement ... to be subtracted include cost of goods sold, selling, general, and administrative expense, as well as interest, depreciation ...

Before delving further into operating income, it’s necessary to understand operating expenses. In a company’s income statement ... These include administrative expenses, salaries for ...