Pre-Tax Income
Operating profit minus interest expense: income before taxes are deducted.
If pretax income is positive, the business owes taxes on it, and the tax expense appears on its own line.
Taught In
See Also
3.6.A.7 · 3.6.A.8
Operating profit minus interest expense: income before taxes are deducted.
If pretax income is positive, the business owes taxes on it, and the tax expense appears on its own line.
3.6.A.7 · 3.6.A.8