If service revenue is included in net sales for a firm, net sales - cost of goods sold would be
A) Gross profit
B) Net operating income
C) Gross margin
D) None of the above

Name: If service revenue is included in net sales for a firm, net sales - cost of goods sold would be A) Gross profit B) Net operating income C) Gross margin D) None of the above
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Question

Quizplus · Accepted Answer

Service revenue is included in net sales, so net sales - cost of goods sold would be gross profit.

If Service Revenue Is Included in Net Sales for a Firm