Accountancy, asked by rimac9395, 5 months ago

How is net profit determined?​

Answers

Answered by lonewolf1231
3

Answer:

Net profit is the gross profit (revenue minus COGS) minus operating expenses and all other expenses, such as taxes and interest paid on debt. Although it may appear more complicated, net profit is calculated for us and provided on the income statement as net income.

Answered by Anonymous
25

Answer:

Net profit is the gross profit (revenue minus COGS) minus operating expenses and all other expenses, such as taxes and interest paid on debt. Although it may appear more complicated, net profit is calculated for us and provided on the income statement as net income.

Explanation:

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