The calculation of operating profit may include three of the following four expenses. Which one is not

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The calculation of operating profit may include three of the following four expenses. Which one is not included?

(a) Rent payable.

(b) Depreciation.

(c) Loan interest.

(d) Insurance.

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Understanding Financial Statements

ISBN: 9781292101552

11th Global Edition

Authors: Lyn Fraser, Aileen M. Ormiston

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