Match the words with the term.
-statement of income
A) retained earnings
B) dividends
C) gross profit
D) operating activities
E) debits = credits

Name: Match the words with the term. -statement of income A) retained earnings B) dividends C) gross profit D) operating activities E) debits = credits
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Question

Quizplus · Accepted Answer

Gross profit is a term directly associated with a statement of income, as it represents the revenue after the cost of goods sold has been subtracted, which is a key figure on the income statement.

Match the Words with the Term