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A Firm Has Revenue of $50,000,the Cost of Goods Sold

Question 18

Multiple Choice

A firm has revenue of $50,000,the cost of goods sold is $23,000,other expenses (from selling and administration) are $14,000,interest expenses are $4,000 and depreciation is $5,000.What is the EBIT?


A) $4,000
B) $8,000
C) $13,000
D) $27,000

Correct Answer:

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