Question: Which statement about the reconciliation statement is incorrect? 1. Depreciation is added to earnings after taxes. 2. Interest earned is added to earnings before taxes.

Which statement about the reconciliation statement is incorrect?

1. Depreciation is added to earnings after taxes.

2. Interest earned is added to earnings before taxes.

3. Increases of VAT payables are added to earnings after taxes.

4. Prepaid expenses are deducted from earnings before taxes.

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