Accounting · Financial Statements
Net profit is correctly defined as the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Profit a business makes after subtracting only the direct costs related to manufacturing its products
- 2Amount of money a business earns after deducting all operating, interest, and tax expenses over a given period of time✓
- 3Profit a business makes before subtracting all the costs that are related to manufacturing and selling its products or services
- 4Amount of money a business earns before deducting all operating, interest, and tax expenses over a given period of time
Correct answer
Amount of money a business earns after deducting all operating, interest, and tax expenses over a given period of time
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