Exam 2

About this set

Created by:

steinhh  on February 13, 2012

Subjects:

Fundamentals in Financial Accounting

Description:

Ch. 4-7 & Appendix B

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Exam 2

gross profit
= net sales (revenue) - COGS
1/2
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Definitions

gross profit = net sales (revenue) - COGS
net income = gross profit - expense

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