Gross Profit Equals the Difference Between

question 178

Multiple Choice

Gross profit equals the difference between

• A)net income and operating expenses.
• B)sales revenue and cost of goods sold.
• C)sales revenue and operating expenses.
• D)sales revenue and cost of goods sold plus operating expenses.

---

Definitions:

Synapomorphy

A characteristic or feature present in an ancestral species and shared exclusively (in more or less modified form) by its evolutionary descendants.

Homologous Traits

Features in different species that are similar because of a common evolutionary origin, not necessarily similar in function.

Common Ancestor

The common ancestor refers to an ancestral species or population from which two or more species have evolved, highlighting the concept of evolution and shared lineage.

Extant Cetaceans

Currently living whale, dolphin, and porpoise species that are members of the order Cetacea.