Which of the Following Is Subtracted from Net Sales Revenue

question 193

Multiple Choice

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

• A) selling expense
• B) cost of goods sold
• C) sales discounts
• D) all of the above

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Definitions:

Own Interests

The personal or selfish motives and preferences that an individual prioritizes or pursues.

Mixed

Consisting of a variety of different elements, parts, or characteristics.

Dependent Relationship

Relationship in which one partner has a greater desire for the other to meet his or her needs.

Adult Children

Adults who maintain a dependency relationship with their parents, often characterized by financial support or emotional reliance.