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  3. Study Set
    Financial Management Principles Study Set 1
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    Exam 3: Understanding Financial Statements,taxes,and Cash Flows
  5. Question
    On the Income Statement,sales Revenue,minus Cost of Goods Sold and Operating
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On the Income Statement,sales Revenue,minus Cost of Goods Sold and Operating

Question 1

Question 1

Multiple Choice

On the income statement,sales revenue,minus cost of goods sold and operating expenses,equals which of the following?


A) Net profit
B) Retained earnings
C) Net income available to preferred shareholders
D) EBIT

Correct Answer:

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