In the income statement, gross profit minus fixed operating costs equals ________.
A) Pretax profit
B) Net profit
C) Gross profit
D) COGS
E) Margin

Name: In the income statement, gross profit minus fixed operating costs equals ________. A) Pretax profit B) Net profit C) Gross profit D) COGS E) Margin
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Question

Quizplus · Accepted Answer

Gross profit minus fixed operating costs equals pretax profit. This calculation does not account for taxes or interest, which are subtracted later to determine net profit.

In the Income Statement, Gross Profit Minus Fixed Operating Costs