When Creating the Income Statement,which of the Following Statements Is

question 28

Multiple Choice

When creating the income statement,which of the following statements is accurate?

• A)Revenues,minus general operating expenses = gross profit.
• B)Revenues,minus tax expense = gross profit.
• C)Revenues,minus depreciation expense = gross profit.
• D)Revenues,minus cost of goods sold = gross profit.

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Definitions:

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A Latin phrase meaning "something for something," indicating an exchange of goods or services, where one transfer is contingent upon the other.

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Any unwanted physical or verbal behavior that offends or humiliates an individual, often occurring in the workplace or social settings.

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Coercive or inappropriate requests or pressures for sexual activities or favors.

Obergefell V. Hodges

A landmark United States Supreme Court case in which the Court ruled that the right to marry is guaranteed to same-sex couples under the Constitution.