Asked by Brendan Aikin on Jul 08, 2024
Verified
The operating profit represents the amount left over from revenue once all costs and operating expenses are subtracted.
Operating Profit
The profit earned from a firm's core business operations, excluding deductions of interest and tax, also known as operating income or operational profit.
- Comprehend the architecture and critical components of an income statement and its role in evaluating financial health.
Verified Answer
RJ
Ryleigh JonesJul 10, 2024
Final Answer :
True
Explanation :
Operating profit is defined as revenue minus all costs and operating expenses.
Learning Objectives
- Comprehend the architecture and critical components of an income statement and its role in evaluating financial health.
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