All of the Following Accounts Are Included in the Calculation

question 130

Multiple Choice

All of the following accounts are included in the calculation of gross profit except:

• A)Cost of Goods Sold
• B)Sales
• C)Sales Discounts
• D)Delivery Expense
• E)Sales Returns and Allowances

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Definitions:

Symbolic Constant

A constant that is represented by a name in source code, making the code more readable.

Address

An address in computing refers to a specific location in memory where data is stored.

Subscript

An index used to refer to an individual element within an array or other collection type in programming.

Array Name

In programming, the identifier given to an array, representing the location of its initial element in memory.