Net Profit Is Calculated Before Taxes Are Taken into Consideration

question 24

True/False

Net profit is calculated before taxes are taken into consideration.

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Definitions:

Diencephalon

An area of the brain encompassing components like the thalamus and hypothalamus, which play a role in sensory and automatic body functions.

Hindgut

Caudal or terminal part of the embryonic gut.

Cloaca

In early embryos, the endodermally lined chamber into which the hindgut and allantois empty.

Coelom

The fluid-filled cavity within the body of most multicellular animals, surrounded by a mesothelium, that houses and protects internal organs.