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Gross profit represents profit after the deduction of cost of goods sold, and before the deduction of all other selling expenses, general expenses, and tax expense.
Question
Asked 4/3/2012 1:20:42 PM
Updated 6/13/2015 3:04:25 AM
1 Answer/Comment
Flagged by emdjay23 [6/12/2015 3:59:11 PM], Edited by jeifunk [6/13/2015 3:04:25 AM]
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User: Gross profit represents profit after the deduction of cost of goods sold, and before the deduction of all other selling expenses, general expenses, and tax expense.

Question
Asked 4/3/2012 1:20:42 PM
Updated 6/13/2015 3:04:25 AM
1 Answer/Comment
Flagged by emdjay23 [6/12/2015 3:59:11 PM], Edited by jeifunk [6/13/2015 3:04:25 AM]
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Gross profit represents profit after the deduction of cost of goods sold, and before the deduction of all other selling expenses, general expenses, and tax expense. TRUE.





Added 6/12/2015 3:59:11 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [6/13/2015 3:04:20 AM]
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what is a financial transactions? User: what is a financial transaction User: The "bottom line" of an income statement shows the firm's: User: _______ refers to the value that stockholders or owners have in a company. User: _________ is the systematic write-off of the value of a tangible asset over its useful life. User: The Statement of Cash flows identifies cash receipts and disbursements that result _______________.
Question
Updated 6/17/2014 12:09:54 AM
3 Answers/Comments
A financial transaction is an agreement, communication, or movement carried out between a buyer and a seller to exchange an asset for payment.
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Depreciation is the systematic write-off of the value of a tangible asset over its useful life.
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