The term ‘Operating Profit’ means profit before _____a.Interestb.Taxc.Interest and taxd.Interest or tax

Formula: operating profit = Sales - Cost of goods sold - Operating expenses - Depreciation.

Answered: The term ‘Operating Profit’ means…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The term ‘Operating Profit’ means profit before _____ a. Interest b. Tax c. Interest and tax d. Interest or tax