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What is the EBIT?

What is the EBIT?

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.3.4MBA
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QUESTION 4 A firm has revenue of $50,000, the cost of goods sold is $23,000, other expenses (from selling and administration) are $14,000, interest expenses are $4,000 and depreciation is $5,000. What is the EBIT? A) $4,000 B) $8,000 C) $13,000 D) $27,000 A
Transcribed Image Text:QUESTION 4 A firm has revenue of $50,000, the cost of goods sold is $23,000, other expenses (from selling and administration) are $14,000, interest expenses are $4,000 and depreciation is $5,000. What is the EBIT? A) $4,000 B) $8,000 C) $13,000 D) $27,000 A
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