What is the difference between net sales and cost of goods sold?
A) net income
B) general income
C) net revenues
D) gross profit

Name: What is the difference between net sales and cost of goods sold? A) net income B) general income C) net revenues D) gross profit
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Question

Quizplus · Accepted Answer

Net sales and cost of goods sold are both components of gross profit. Gross profit is calculated by subtracting cost of goods sold from net sales.

What Is the Difference Between Net Sales and Cost of Goods