Which of the Following Accounts/captions Are Not Ever Included in the Calculation

question 20

Multiple Choice

Which of the following accounts/captions are not ever included in the calculation for Gross Profit?

• A) Revenues.
• B) Cost of Goods Sold.
• C) Net Sales.
• D)General and Selling Expenses.

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Definitions:

Emergency Situation

A sudden, urgent, usually unexpected occurrence or condition that requires immediate action or assistance.

Unauthorized Act

An action taken without official permission, potentially violating legal or organizational rules.

Principal

In agency law, the individual or entity that authorizes an agent to act on their behalf in business transactions.

Agent

An individual or entity authorized to act on behalf of another person or entity in legal or business matters.