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:

Verified
Correct Answer:
Verified
Q3: If a company issues 25,000 ordinary shares
Q4: In what order do the following items
Q5: In a company statement of financial position,
Q6: The part of shareholders' equity that may
Q7: A shareholder in Company C owns 2,000
Q9: An investor invests in Canta Ltd by
Q10: A company issued 500,000 ordinary shares to
Q11: Which feature is not a characteristic of
Q12: If a company has a share capital
Q13: Which statement relating to preference shares is