The income statement shows earnings before taxes

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Reference no: EM131495518

1. Expenses that are contractual in nature and are normally paid every month are

accounting expenses.

automatic expenses.

fixed expenses.

monthly expenses.

2. The income statement shows earnings before taxes, which is equal to

earnings before taxes minus taxes.

gross revenues minus returns and allowances.

net sales minus cost of goods sold.

operating income minus interest.

operating income minus operating expenses.

Reference no: EM131495518

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