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.