On the income statement, net profit after tax is generally 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 interest minus taxes
E)none of the above

Question

Quizplus · Accepted Answer

Net profit after tax is the final result of subtracting all expenses from the operating profit, which includes interest and taxes. Option D includes all these expenses in the calculation.

On the Income Statement, Net Profit After Tax Is Generally