Which of the following statements is correct?
a. operating income is derived from the firm's regular core business. operating income is calculated as revenues less operating costs. operating costs do not include interest or taxes.
b. depreciation is not a cash charge, so it does not have an effect on a firm's reported profits.
c. the more depreciation a firm reports, the higher its tax bill, other things held constant.
d. because a firm's cash flow is shown as the lowest entry on the income statement, people often call it "the bottom line."
e. depreciation reduces a firm's cash balance, so an increase in depreciation would normally lead to a reduction in the firm's cash flow.

Which of the following statements is CORRECT?

a. Operating income is derived from the firm's regular core business. Operating income is calculated as Revenues less Operating costs. Operating costs do not include interest or taxes.

Explanation:

Operating income is an accounting figure that measures the amount of profit realized from a business's operations, after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS).

a naked warrant, also known as a covered warrant, is a derivative that allows the holder to buy or sell a security, such as a bond or share. unlike a normal warrant, it is not attached to a newly issued bond or preferred stock.

unsecured bonds: they are not secured by a specific asset, but rather by "the full faith and credit" of the issuer. in other words, the investor has the issuer's promise to repay but has no claim on specific collateral. debt, such as unsecured bond debt, is said to be “subordinated,” or junior, to secured debt.

answer; im, thinking it should be (7yrs)///plz check first.good luck