Net Profit Refers To

question 14

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 good 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:

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American Cancer Society

A nationwide, community-based health organization dedicated to eliminating cancer as a major health problem through research, education, advocacy, and service.

Humorous Appeals

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