Question

What is gross profit?

Answer 1

Answer:

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Explanation:

In business and accounting, net income is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.

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Answer 2

Answer:

gross profit = Net Income

FORMULA = Net Income = Total Revenues – Total Expenses

Define = In business and accounting, net income is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.