Revenue, Minus Cost of Goods Sold =

question 44

Multiple Choice

Revenue, minus cost of goods sold =

• A) retained earnings.
• B) fundamental accounting equation.
• C) gross profit.
• D) net income.

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Definitions:

Interest

The sensation of being curious to acquire knowledge or information about someone or something.

Perception

The way in which something is regarded, understood, or interpreted by an individual or group.

Sensory Information

Describes data gathered through the senses such as sight, sound, touch, taste, and smell, which is used by organisms to interact with their environment.

Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual.