Which of the following is NOT included in computing EBT (earnings before taxes) ?
A) Marketing expenses
B) Depreciation expense
C) Cost of goods sold
D) Dividends
Correct Answer:
Verified
Q11: The revenue recognition principle requires that
A) revenue
Q12: Which of the basic financial statements is
Q13: The historical cost principle requires that
A) assets
Q14: On the income statement, sales revenue, minus
Q15: The cash flow statement is an alternative
Q17: The matching principle requires that
A) expenses be
Q18: The balance includes information about the company's
Q19: Who owns the retained earnings of a
Q20: Stock that is repurchased by the issuing
Q21: Corporate income statements are usually compiled on
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