Which of the following is not subtracted from sales revenues to determine pretax profit?
A)Depreciation
B)Fixed costs
C)Interest expense
D)Variable costs

Name: Which of the following is not subtracted from sales revenues to determine pretax profit? A)Depreciation B)Fixed costs C)Interest expense D)Variable costs
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Question

Quizplus · Accepted Answer

Interest expense is not subtracted from sales revenues to determine pretax profit; it is subtracted after calculating operating profit to determine taxable income.

Which of the Following Is Not Subtracted from Sales Revenues