American Bankers Association Exam CTFA Topic 9 Question 76 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 76
Topic #: 9

[All CTFA Questions]

EBIT is usually the same thing as:

AFunds provided by operations

BEarnings before taxes

CNet income

DOperating income

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Suggested Answer: A

by Yuonne at Sep 19, 2024, 09:44 AM

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Lai

2 months ago

Back in my day, we just called it 'the bottom line'. These accountants and their fancy acronyms these days...

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Reuben

1 months ago

D) Operating income

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Ma

1 months ago

A) Funds provided by operations

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Glory

2 months ago

Funds provided by operations? Sounds like someone's trying to trick us here. I'm sticking with D.

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Nikita

2 months ago

Operating income? That's a new one for me. I'm going with B, Earnings Before Taxes.

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Kenneth

2 months ago

Hmm, I thought EBIT was the same as net income. Guess I need to brush up on my financial terminology.

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Garry

1 months ago

D) Operating income

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Annamaria

1 months ago

C) Net income

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Walton

1 months ago

B) Earnings before taxes

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Marta

1 months ago

A) Funds provided by operations

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Sabra

2 months ago

Actually, EBIT is Earnings before taxes, not Operating income.

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Cassi

2 months ago

EBIT definitely means Earnings Before Interest and Taxes. Option D is the way to go!

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Beata

2 months ago

I agree with Louvenia, EBIT is Operating income.

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Louvenia

3 months ago

I think EBIT is the same as Operating income.

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