Exam 2 Share this set Share on Facebook Share on Twitter About this setCreated by:steinhh on February 13, 2012 Subjects: Fundamentals in Financial AccountingDescription:Ch. 4-7 & Appendix BLog in to favorite or report as inappropriate. Pop outDiscussNo Messages You must log in to discuss this set. Exam 2 Term First Both Sides gross profit= net sales (revenue) - COGS Click to flip 1/2 Preview our new flashcards mode! Study: Cards Speller Learn Test Scatter Games: Scatter Space Race Tools: Print Export Copy Combine Embed Order by Default Alphabetical 2 termsTermsDefinitions gross profit = net sales (revenue) - COGS net income = gross profit - expense First Time Here? Welcome to Quizlet, a fun, free place to study. Try these flashcards, find others to study, or make your own. Set ChampionsThere are no high scores or champions for this set yet. You can sign up or log in to be the first!