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Which of the Following Equations Relating to a Company's Statements

Question 8

Multiple Choice

Which of the following equations relating to a company's statements of financial performance is incorrect?


A) Operating profit - Interest = Profit before tax.
B) Revenues - Cost of sales = Gross profit.
C) Profit before tax - Tax expense = Profit for the period.
D) Gross profit - Tax expense - Interest expense = Operating profit.

Correct Answer:

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