Which of the Following Is the Equation Form of Gross

question 79

Multiple Choice

Which of the following is the equation form of gross profit?

• A) income − COGS
• B) gross profit − operating expenses
• C) liabilities + owner's equity
• D) operating profit − other revenues and expenses
• E) EBT − taxes

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Definitions:

Lapse

The expiration or termination of a right, privilege, or policy due to the passage of time or inaction.

Maturity

The date on which a financial obligation, such as a bond or loan, becomes due and is to be paid off.

Growth

A key objective for businesses and economies, referring to an increase in capacity, value, or size, often measured by metrics such as GDP for economies and sales revenues for businesses.

Accounts Payable

Money owed by a company to its creditors for goods or services that have been delivered but not yet paid for.