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  3. Study Set
    Financial Accounting for MBAs
  4. Exam
    Exam 4: Analyzing and Interpreting Financial Statements
  5. Question
    To Determine Tax on Net Operating Profit, We Begin with Total
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To Determine Tax on Net Operating Profit, We Begin with Total

Question 38

Question 38

True/False

To determine tax on net operating profit, we begin with total tax expense and deduct taxes related to net nonoperating expenses.

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