Which of the following is NOT shown on a descriptive income statement?
A)Sales discounts
B)Net sales revenue
C)Cost of sales
D)Gross profit

Name: Which of the following is NOT shown on a descriptive income statement? A)Sales discounts B)Net sales revenue C)Cost of sales D)Gross profit
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Question

Quizplus · Accepted Answer

Gross profit is shown on a descriptive income statement, while the other options are components that contribute to calculating gross profit.

Which of the Following Is NOT Shown on a Descriptive