On the income statement, net profit after tax is defined as:
A)operating profit minus operating expenses
B)operating profit minus cost of goods sold
C)operating profit minus interest
D)operating profit minus total expenses
E)none of the above

Question

Quizplus · Accepted Answer

Net profit after tax is calculated as operating profit minus interest, taxes, and any other expenses, not just operating expenses or cost of goods sold.

On the Income Statement, Net Profit After Tax Is Defined