Which of the following items is not a key intermediate balance?
A) Market value added
B) Value added
C) Gross operating profit
D) Commercial margin

Question

Quizplus · Accepted Answer

Market value added is not a key intermediate balance, as it is a financial performance indicator that measures the difference between the market value of a firm's equity and the book value of its equity. Value added, gross operating profit, and commercial margin are all key intermediate balances that are used to measure a company's financial performance.

Which of the Following Items Is Not a Key Intermediate