On a multi-step income statement, subtracting total operating expenses from gross profit will equal:

Name: On a multi-step income statement, subtracting total operating expenses from gross profit will equal:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Subtracting total operating expenses from gross profit will result in operating income, also known as earnings before interest and taxes (EBIT). This represents the amount of profit generated from the company's core operations before taking into account other expenses such as interest and taxes.

On a Multi-Step Income Statement, Subtracting Total Operating Expenses from Gross