All of the Following Are Used to Compute Gross Profit

question 93

Multiple Choice

All of the following are used to compute gross profit except:

• A)sales.
• B)sales returns and allowances.
• C)accounts receivable.
• D)purchases.

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Definitions:

Appreciate

An increase in the value of an asset over time.

Stock Price

The current market value of a share of a company's stock, determined by supply and demand dynamics in the stock market.

Dividend Yield

A measure of financial performance showing the annual dividends issued by a company relative to its stock price.

Stock Depreciates

Occurs when the market value of a stock decreases over time due to various factors such as poor company performance or market downturns.