What is the importance of EBIT?

A. It shows how a company is performing after Taxes and Interest.

B. It shows how a company is performing before Taxes and Interest.

C. It's your Net Profit or Net Income.

D. None of the Above

Who is performing? Solo singer, orchestra, singer plus orchestra?

When performing a Post Closing Trial Balance, where do your Assets go?

A. Under Debits

B. Under Credits

C. They should equal zero

D. They are not on the post closing trial balance