When reviewing a corporate income statement,to find gross profit,cost of goods sold is subtracted from

Question

Quizplus · Accepted Answer

Gross profit is calculated by subtracting the cost of goods sold from revenue. Therefore, the correct choice is A - revenue. The other options (B, C, and D) are incorrect, as they either refer to net income, earnings before interest and taxes, or net revenue, which are not used to calculate gross profit.

When Reviewing a Corporate Income Statement,to Find Gross Profit,cost of Goods