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How does the cost of goods sold affect the gross profit as calculated in an income statement?

CSS5

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How does the cost of goods sold affect the gross profit as calculated in an income statement?

How does the cost of goods sold affect the gross profit as calculated in an income statement?
A) It increases the gross profits.
B) It is figured into operating expenses.
C) It does not affect the gross profits.
D) It is subtracted from net sales revenue.
E) It helps to predict what future profits will be.

Textbook

Business: A Practical Introduction

Business: A Practical Introduction

Edition: 1^st

Authors: Williams, Sawyer, Berston

Read 57 times

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CSS5 Author

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7 years ago

Good timing, thanks!

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