When cost of goods sold (COGS) is subtracted from net sales, the result is the _________.
A) Net income
B) Net profit
C) Gross Margin
D) Gross profit
Correct Answer:
Verified
Q22: The _ is a financial statement that
Q23: The income statement can be reduced to
Q24: Which of these is followed by U.S.
Q25: Estimated Income Tax is found on which
Q26: _ are/is the gross sales of a
Q28: Which of the following are the two
Q29: Which of the following is a common
Q30: Which of the following is NOT a
Q31: The best rated accounting software for Small
Q32: Why does the balance sheet always balance?
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents