COST ACCOUNTING
TRANSFER PRICING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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200
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250
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300
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no idea!
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Detailed explanation-1: -Operating profit is calculated as: Operating profit = Net profit + Non operating expenses-Non operating incomes.
Detailed explanation-2: -COGS counts as a business expense and affects how much profit a company makes on its products. Cost of goods sold is found on a business’s income statement, one of the top financial reports in accounting. An income statement reports income for a certain accounting period, such as a year, quarter or month.
Detailed explanation-3: -An income statement is a financial statement that shows you the company’s income and expenditures. It also shows whether a company is making profit or loss for a given period. The income statement, along with balance sheet and cash flow statement, helps you understand the financial health of your business.