Which of the Following Is Subtracted from Net Sales Revenue

question 48

Multiple Choice

Which of the following is subtracted from net sales revenue to arrive at gross profit on a multi-step income statement?

• A)cost of goods available for sale
• B)cost of goods sold
• C)sales discounts and Sales returns and allowances
• D)operating expenses

---

Definitions:

Top-down Change

An organizational change initiative that is initiated and guided by the senior management, often without much input from lower-level employees.

Frame-breaking Change

Radical transformations within organizations that fundamentally alter the business structure or operational methods.

Planned Change

Deliberate and intentional efforts to improve a process, system, product, or organization through specific strategies and actions.

Transactional Change

A type of organizational change focused on making adjustments within the existing framework of operations, often through incentives or penalties.