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The statement form p & q is:
Net Sales
The amount of sales revenue remaining after deducting returns, allowances for damaged or missing goods, and discounts.
Calculate
To determine mathematically the amount or number of something.
Operating Statement
A financial document, also known as an income statement, which shows a company's revenues, expenses, and profits or losses over a specific period.
Gross Margin
A company's total sales revenue minus its cost of goods sold, indicating the financial health and profitability of a product or business.
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