Which of the Following Expressions Is Incorrect

question 95

Multiple Choice

Which of the following expressions is incorrect?

• A) Gross profit - operating expenses = net income
• B) Sales revenue - cost of goods sold - operating expenses = net income
• C) Net income + operating expenses = gross profit
• D) Operating expenses - cost of goods sold = gross profit

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Definitions:

Federal Courts

Courts established by the federal government of a country that have jurisdiction over matters involving federal laws.

Civil Cases

Legal disputes between individuals or organizations that often involve issues of private law, such as contracts, property, and family relations.

Criminal Cases

Legal proceedings involving individuals charged with conducting activities deemed illegal by law, which are adjudicated in a court of law.

Federal Court Appointments

The process of naming judges to the federal judiciary, typically involving nomination by the President of the United States and confirmation by the Senate.