The income statement begins with revenue and subtracts various operating expenses until arriving at the intermediate point of ________.

Name: The income statement begins with revenue and subtracts various operating expenses until arriving at the intermediate point of ________.
Brand: Quizplus
Rating: 4.7 (59 reviews)

Question

Quizplus · Accepted Answer

The intermediate point arrived at after subtracting various operating expenses from revenue on the income statement is EBIT (Earnings Before Interest and Taxes). This figure does not yet account for taxes or interest expenses.

The Income Statement Begins with Revenue and Subtracts Various Operating