Which of the Following Accounts/captions Are Not Included in the Calculation

question 3

Multiple Choice

Which of the following accounts/captions are not included in the calculation of Gross Profit?

• A)General and Selling Expenses.
• B)Cost of Goods Sold.
• C)Net Sales.
• D)All of these accounts/captions are included in the calculation of Gross Profit.

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Definitions:

New York Stock Exchange

One of the largest stock exchanges in the world, located in New York City, serving as a marketplace for buying and selling stocks and securities.

NASDAQ Stock Market

An American stock exchange known for its technology-heavy stock portfolio, being the second-largest in the world by market capitalization.

Electronic Communications Networks

are digital platforms that facilitate the trading of financial products outside traditional stock exchanges, connecting buyers and sellers directly.

Brokerages

Firms that act as intermediaries between buyers and sellers in financial transactions, often involving stocks, bonds, or real estate.