Profit is computed by subtracting depreciation expenses and income taxes from total business revenue.

Name: Profit is computed by subtracting depreciation expenses and income taxes from total business revenue.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Profit is computed by subtracting all necessary expenses (including but not limited to cost of goods sold, operating expenses, interest expenses, etc.) from total business revenue, not just depreciation expenses and income taxes.

Profit Is Computed by Subtracting Depreciation Expenses and Income Taxes