Interest expense is deducted from the _____ to arrive at the company's profits before taxes.
A) operating profits
B) gross profits
C) net profits
D) cost of goods sold

Name: Interest expense is deducted from the _____ to arrive at the company's profits before taxes. A) operating profits B) gross profits C) net profits D) cost of goods sold
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Question

Quizplus · Accepted Answer

Interest expense is deducted from operating profits to calculate profits before taxes, as operating profits represent earnings before interest and taxes.

Interest Expense Is Deducted from the _____ to Arrive at the Company's