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    Financial Accounting Study Set 8
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    Exam 11: Evaluating Performance: Earnings Quality, the Income Statement, the Statement of Comprehensive Income
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    Sales Revenue Less Cost of Goods Sold Is Called
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Sales Revenue Less Cost of Goods Sold Is Called

Question 121

Question 121

Multiple Choice

Sales revenue less cost of goods sold is called:


A) gross profit.
B) net income.
C) net profit.
D) net sales.

Correct Answer:

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