Which of the Following Defines Gross Profit

question 126

Multiple Choice

Which of the following defines Gross profit?

• A)Net sales revenue less Sales discounts
• B)Net sales revenue less Cost of sales
• C)Sales revenue less Overhead expenses
• D)Sales revenue less Sales discounts and allowances

---

Definitions:

Predictive Value

The likelihood that a specific condition or attribute accurately predicts the outcome of interest.

Feedback Value

The importance or usefulness of feedback received for improving performance or decision-making processes.

Stockholders' Equity

The remaining value in a company's assets after liabilities are subtracted, commonly known as owner's equity or shareholder's equity.

Assets

Resources owned or controlled by a business or an individual, which are expected to produce economic value or benefit in the future.