Adjusted Gross Income for a corporation is equal to sales minus cost of goods sold.

Name: Adjusted Gross Income for a corporation is equal to sales minus cost of goods sold.
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Adjusted Gross Income (AGI) for a corporation is the company's gross income (revenue) minus the cost of goods sold (COGS) and any other applicable deductions. AGI is a term used for individual tax returns, not for corporations.

Adjusted Gross Income for a Corporation Is Equal to Sales