Revenue minus all direct costing of making the goods or supplying the service is known as? a. Gross profit b. Cost of sales c. Expenses d. Net profit
Revenue minus all direct costing of making the goods or supplying the service is known as? a. Gross profit b. Cost of sales c. Expenses d. Net profit
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 6MC: Which of the following represents the components of the income statement for a merchandising...
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Revenue minus all direct costing of making the goods or supplying the service is known as?
a. Gross profit
b. Cost of sales
c. Expenses
d. Net profit
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