Which of the Following Measures Excludes Non- Cash Charges Against

question 13

Multiple Choice

Which of the following measures excludes non- cash charges against income.

• A) Net income before taxes.
• B) EBITDA.
• C) Income from operating activities.
• D) Core earnings.

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Definitions:

Treasury Bond

A Treasury bond is a long-term government debt security with a maturity of more than ten years, issued by the U.S. Department of the Treasury, and is backed by the U.S. government's credit.

Current Yield

The annual income (interest or dividends) divided by the current price of the security, often used to measure the return on investment of bonds.

Coupon Rate

The interest rate the issuer of a bond agrees to pay annually to the holder, expressed as a percentage of the bond's face value.

Quoted

Refers to stating the current price of a stock, bond, commodity, or any financial instrument, or the most recent bid and ask prices available.