Net Profit Refers To

question 212

Multiple Choice

Net Profit refers to:

• A)The result of deducting liabilities from the assets of the firm.
• B)The result of subtracting cost of good sold from revenues.
• C)The result of deducting depreciation expense from revenues.
• D)The net earnings after the deduction of all expenses,including tax expense.

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Definitions:

Conservation of Energy

A fundamental principle of physics stating that the total energy in an isolated system remains constant, though it may change forms, such as from kinetic to potential energy.

Heat Lost

The amount of heat energy that escapes or is unintentionally transferred from a system to its surroundings.

Combustible Liquid

A liquid that can ignite easily or catch fire at temperatures at or above room temperature.

Gas Chromatograph

An analytical machine used for separating and analyzing compounds that can be vaporized without decomposition, typically used in chemical analysis.