Net Sales - Cost of Goods Sold is equal to
A) Net Income from Operations.
B) Operating Expenses.
C) Gross Profit.
D) Gross Expenses.

Name: Net Sales - Cost of Goods Sold is equal to A) Net Income from Operations. B) Operating Expenses. C) Gross Profit. D) Gross Expenses.
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Question

Quizplus · Accepted Answer

Net Sales - Cost of Goods Sold gives us the Gross Profit, which represents the revenue left over after deducting the direct costs of producing goods or services.

Net Sales - Cost of Goods Sold Is Equal to