Match the words with the term.
-statement of income
A) inventories
B) gross profit
C) cash outflow
D) liabilities
E) cash inflow

Name: Match the words with the term. -statement of income A) inventories B) gross profit C) cash outflow D) liabilities E) cash inflow
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Question

Quizplus · Accepted Answer

Gross profit is a term directly related to a statement of income, as it represents the difference between revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.

Match the Words with the Term