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Question

EBIT stands for ____________.

A
Earning Before Interest and Tax
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B
Equity Before Interest and tax
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C
Earning Before Insurance and tax
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D
None
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Solution

The correct option is A Earning Before Interest and Tax
Earning before Interest and Tax is termed as "EBIT" in short.

Earning before Interest and Tax means the situation where the interest paid and taxes are not considered while deducting the expenses from the income.

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