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Author Question: A retailer pays taxes on its: a. gross margin before taxes. b. net profit before taxes. c. net ... (Read 147 times)

Mr3Hunna

  • Hero Member
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  • Posts: 536
on: Jun 29, 2018
A retailer pays taxes on its:
 a. gross margin before taxes.
  b. net profit before taxes.
  c. net sales before taxes.
  d. gross sales before taxes.
  e. operating profit before taxes.

Question 2

Which of the following items would NOT be included on the balance sheet but would BE on the income statement?
 a. Noncurrent assets
  b. Cost of goods sold
  c. Current liabilities
  d. Net worth
  e. Accounts receivable


Jadwiga9

  • Sr. Member
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  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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