One-time expenses/revenues
One-time expenses and revenues are not included in the calculation of operating income (EBIT) to ensure the owner/managers get an accurate picture of the company’s operating potential. They are, however, included in net income before income taxes are calculated.
More about one-time expenses/revenues
The excerpt below shows how the one-time expenses and revenues for the examples above appear on the income statement of a retail or wholesale company.
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