How Is the Operating Net Income Before Taxes Calculated

question 12

Multiple Choice

How is the operating net income before taxes calculated?

• A) Net operating income before taxes = EBITDA +/- Shares of profits (losses)from joint ventures + Financial income - Financial expenses
• B) Net operating income before taxes = Value added +/- Shares of profits (losses)from joint ventures + Financial income - Financial expenses
• C) Net operating income before taxes = Commercial margin +/- Shares of profits (losses)from joint ventures + Financial income - Financial expenses
• D) Net operating income before taxes = Operating profit +/- Shares of profits (losses)from joint ventures + Financial income - Financial expenses

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Definitions:

Quantity Term

A provision in a contract that specifies the amount of goods or services to be provided or delivered.

Enforceable

A term used to describe a legal agreement or rule that can be upheld or compelled by law.

Oral Contract

An agreement made through spoken communication between parties, rather than in writing, yet is legally binding.

Project

A project is a planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations.