Gross Profit Is Calculated As

question 57

Multiple Choice

Gross profit is calculated as:

• A)Total sales - Cost of sales - Selling,general,and administrative expenses - Depreciation and amortization.
• B)Total sales - Cost of sales - Selling,general,and administrative expenses.
• C)Total sales - Cost of sales.
• D)Total sales - Cost of sales - Interest expense.
• E)Total sales - Cost of sales - Interest expense -Taxes.

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Definitions:

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