Author Question: On an income statement, revenue less cost of goods sold (COGS) equals: A) net income or loss. B) ... (Read 73 times)

Anajune7 · **on:** Jul 14, 2018

On an income statement, revenue less cost of goods sold (COGS) equals:
A) net income or loss.
B) gross profit.
C) net income from operations.
D) operating expenses.
E) net profit.

Question 2

The American economy is now characterized as a(n) _____ economy.
A) industrial
B) centralized
C) service
D) stagnant
E) bureaucratic