Operating Profit Is Known as ________

question 172

Multiple Choice

Operating profit is known as ________.

• A) earnings after interest and taxes
• B) earnings before interest and taxes
• C) earnings before depreciation and taxes
• D) earnings after tax

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Definitions:

Journal

A book or digital record where all financial transactions are initially recorded, also known as the book of first entry.

Financial Statements

Documents that provide an overview of a company's financial condition, including income statements, balance sheets, and statements of cash flows.

Journal

A financial record where all transactions are initially recorded in chronological order before being posted to individual accounts.

Chronologically

In order of time, from the earliest to the latest.