Which of the following describes Earnings Before Interest and Taxes?

A. Measure of a company's Profit that includes all Expenses.

B. Measure of a company's Profit that includes most Expenses.

C. Measure of a company's Revenue before any Expenses.

D. None of the Above

Expenses are subtracted from which of the following?

A. Costs of Goods Sold

B. Profit

C. Revenue

What is the importance of EBIT?

A. It shows how a company is performing after Taxes and Interest.

B. It shows how a company is performing before Taxes and Interest.

C. It's your Net Profit or Net Income.

D. None of the Above

The subsidiary Accounts Payable ledger is necessary for which of the following reasons ?

A. A more specific way to show how much you owe to each vendor.

B. Giving a complete picture of the company.

C. Publishing a list of all the company's revenue sources.

D. None of the Above