9. Which of the following accounts are not included in the calculation of gross profit? a. revenue b. cost of goods sold c. net sales d. general and selling expenses 10. An item that costs $90 is sold for $120. The gross profit ration for this item is a. 20%, b. 25%, c 33%, d. 60%
Gross Profit divided by sales which is 30/12011. The major difference between the indirect and direct method of statement of cash flows appears in which of the following acitivity: a.investing & financing activities section b. investing activities section only c. operating & financing activities section d. operating activities section only
Certified Public Accountant (CPA)
MBA, CPA