Net Profit Refers to

question 227

Multiple Choice

Net profit refers to

• A) the result of deducting liabilities from the assets of the firm.
• B) the result of subtracting cost of goods sold from revenues.
• C) the result of deducting depreciation expense from revenues.
• D) the net earnings after the deduction of all expenses, including tax expense.

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Definitions:

Stimulants

A category of drugs that speed up activity in the central nervous system, suppress appetite, and can cause a person to feel more awake, alert, and energetic; also called “uppers.”

Nervous System

The complex network of nerves and cells that transmit signals between different parts of the body, facilitating bodily functions and responses to the environment.

Depressants

A category of drugs that decrease activity in the central nervous system, slow down bodily functions, and reduce sensitivity to outside stimulation; also called “downers.”

Kidney Functioning

The process by which the kidneys filter and remove waste products and excess fluids from the blood, while also regulating electrolyte balance and blood pressure.