58. Net operating income is defined as: a. net income plus interest and taxes. b. sales minus variable expenses. c. sales minus variable expenses and traceable fixed expenses. d. contribution margin minus traceable and common fixed expenses.

Managerial Accounting
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58. Net operating income is defined as: a. net income plus interest and taxes. b. sales minus variable expenses. c. sales minus variable expenses and traceable fixed expenses. d. contribution margin minus traceable and common fixed expenses.

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