Accountıng I Deneme Sınavı Sorusu #1181717

Which of the following is the formula of gross profit?


Sales revenue - Cost of goods sold

Operating expenses + Administrative expenses

Operating income - Interest revenues

Net income + Operating income

Sales revenue - Net income


Yanıt Açıklaması:

When COGS is deducted from sales revenue, gross profit is calculated. Gross
profit evaluates the company’s profitability in terms of selling activities.

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