Multiple Choice
The profit on merchandise sold after expenses is
A) Gross Sales
B) Gross Profit
C) Net Sales
D) Net Income
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q8: An increase in Rent Expense results in
Q9: Current Assets consist of all of the
Q10: The following accounts are from the
Q11: Working capital is equal to total assets
Q12: An example of Other Income for a
Q14: Match the terms below with the correct
Q15: Land would appear on the balance sheet
Q16: Working Capital =<br>A) Current Assets - Long-Term
Q17: Debts that are due and payable in
Q18: On the income statement, the ending merchandise