Net Sales - Cost of Goods Sold is equal to:
A) Net Income from Operations.
B) Operating Expenses.
C) Gross Profit.
D) Selling Expenses.

Name: Net Sales - Cost of Goods Sold is equal to: A) Net Income from Operations. B) Operating Expenses. C) Gross Profit. D) Selling Expenses.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

Net Sales minus Cost of Goods Sold equals Gross Profit. This calculation shows the profit a company makes after deducting the costs associated with making and selling its products.

Net Sales - Cost of Goods Sold Is Equal To