Which of the Following Is Subtracted from Net Sales Revenue

question 120

Multiple Choice

Which of the following is subtracted from net sales revenue to arrive at gross profit on a multi-step income statement?

• A)cost of goods available for sale
• B)cost of goods sold
• C)sales discounts and sales returns and allowances
• D)operating expenses

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Standards or principles by which something is judged or decided, used to evaluate or make decisions.

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