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21 October, 05:46

EBIT, often referred to as operating income, stands for "earnings before interest and taxes." Select one: True False

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  1. 21 October, 09:43
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    False

    Explanation:

    Earning before interest and tax (EBIT) is a measure of the income a business makes in a given period from operations and non-operations activities. Taxes and interest have not been deducted.

    EBIT is different from Operating Income which is profit less business related expenses.
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