(v1150.00) Operating Profit

The income generated by the ongoing production and administrative functions of the business. The entries that follow Operating Profit (v1150.00) (with the exception of income gains or losses from the sales of assets), should be restricted to income and expenses related to:

  1. Unusual or nonrecurring transactions

  2. Investments outside the company

  3. Interest income and expense

  4. Taxes

Operating Profit (v1150.00) is calculated as follows:

 	(v1100.00)  Earnings Before Int., Taxes, Depr., and Amort.
-	(v1110.00)  Depreciation Expense
-	(v1115)     Amortization Expense
=(v1150.00)  Operating Profit