Multiple Choice
Watts Regulator makes hydroponic pressure valves used in water pumps and water heaters. Watts had $100,000 in net sales for the month. Cost of goods sold was $42,000. On an income statement, how would the remaining $58,000 be classified?
A) gross profit
B) net revenues
C) general income
D) gross revenues
Correct Answer:
Verified
Correct Answer:
Verified
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