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KengaRu [80]
2 years ago
12

The income statement begins with revenue and subtracts various operating expenses until arriving at Earnings Before Interest and

Taxes.​ Next, interest expense is subtracted to find the taxable income for the period. Then the appropriate taxes are calculated and subtracted. We finally arrive at the​ ________ , the so called bottom line of the income statement. Group of answer choices

Business
1 answer:
Serggg [28]2 years ago
6 0

Full question attached

Answer:

D. Earnings before interest and taxes(EBIT)

Explanation:

Earnings before interest and taxes abbreviated EBIT in the income statement is arrived at by deducting operating expenses from revenue/sales to get operating income. The operating income is earnings before interest and taxes which comes before gross income(subtract other expenses). Operating expenses are the main expenses concerned with operations of the business such as the Sales

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The total factory overhead for Martin Company is budgeted for the year at $375,000. Martin manufactures two garden products: a l
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Calculation of total number of budgeted direct labor hours for the year:


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Under a flexible-price monetary approach to the exchange rate Group of answer choices when the domestic money supply falls, the
Anastaziya [24]

Answer:

when the domestic money supply falls, the price level would eventually fall, keeping the interest rate constant.

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