Which of the following expressions is incorrect?

Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Next Question:
How does Gross Income differ from Net Income?
Posted by:
حسين محمد ياسين
24-January-2016

A. Gross profit less Operating expenses equals Net income.

B. Sales less Cost of goods sold less Operating expenses equals Net income.

C. Net income plus Operating expenses equals Gross profit.

D. Operating expenses less Cost of goods sold equals Gross profit.

Accounting Financial Accounting Financials Finance

Question ajoutée par Sultan Alghamdi
Date de publication: 2016/02/19

Apprécier (1) Vues (3) Suiveurs (3) Réponses (2) Report Question

Ajoutez Une Réponse
Inscrivez-vous ou connectez-vous pour répondre.

2 Réponses

MUHAMMAD ETIMAD SYED

par MUHAMMAD ETIMAD SYED , Senior Financial Accountant , TA'AZ Group of Companies

Option D is incorrect. When you deduct Operating Expenses from CGS you will not get the Gross Profit.

Déprécier Réponses () Rapport

مطلق سالم عقيل alanazi

par مطلق سالم عقيل alanazi , كاشير , سوبر ماركت الرجاء

D. Operating expenses less Cost of goods sold equals Gross profit.

Déprécier Réponses () Rapport

Recherches Populaires

Offres d'Emploi Vendeur Offres d'Emploi Ingénieur Offres d'Emploi Technicien Offres d'Emploi Comptable Offres d'Emploi Chauffeur

Ecrivez Votre Réponse

More Questions Like This

Perez, Inc. owns 100% of Senior, Inc. During year 1, Perez sold goods with a 40% gross profit to Senior. Senior sold all of these goods in year 1?
Top Answer: CPA Exam , question from Wiley book Answer : (A) When computing consolidated income, the objective is to ... Voir Plus

Réponses (2)
The gross profit margin is unchanged, but the net profit margin declined over the same period. this could have happened if?
Top Answer: <p><span>the goverment increased the tax rate is supposed to be the right answer</span> ... Voir Plus

Réponses (22)
Gross Profit Ratio for a firm remains same but the Net Profit Ratio is decreasing. The reason for such behavior could be:
Top Answer: <p><em><strong>Answer B is correct</strong></em></p> Voir Plus

Réponses (23)
Gross Profit is the difference between:
Top Answer: Answer option >>>>>>>>>>>> (a) Net Sales and Cost of goods sold ... Voir Plus

Réponses (14)

Avez-vous besoin d'aide pour créer un CV ayant les mots-clés recherchés par les employeurs?

Obtenir de l'aide