Net Profit Refers to

question 227

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 goods 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:

Wikis

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Disseminate Information

The act of spreading information widely; circulation of knowledge among a large number of people.

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Communication that addresses and seeks to rectify a mistake, misunderstanding, or customer complaint, aiming to maintain goodwill.

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The process of rebuilding trust and assurance in one's abilities or in a relationship after it has been lost or damaged.