An income statement must factor in the cost of goods sold
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: In an income statement, cost of goods sold must be subtracted from sales in order to obtain net profit.
Business
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Horse Stock returns have exhibited a standard deviation of 0.57, whereas Mod T Stock returns have a standard deviation of 0.63. The correlation coefficient between the returns is 0.078042. What is the covariance of the returns?
A) 0.028025 B) 0.217327 C) 0.359100 D) 0.993094
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What are the 2 types of assignment of rights to another in a life insurance policy?
A) Dividend and cash value B) Direct and participating C) Collateral and absolute (also known as permanent) D) Whole and pieces"
Business