The income statement is also called a: a. Profit and loss ...

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The income statement is also called a:
 
  a. Profit and loss statement c. Six-month plan
  b. Statement of cash flows d. Balance sheet

Question 2

Operating profit is the result of relationships among these three factors:
   ___________________ ____________
   ___________________ ____________
   ___________________ ____________
 
  Fill in the blank(s) with correct word

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Answer to Question 1

a

Answer to Question 2

Net sales, cost of merchandise sold, and expenses