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Assuming a corporation has positive net income, gross profit: a) is always equal to net income before taxes b) may be equal to net income
Assuming a corporation has positive net income, gross profit: a) is always equal to net income before taxes b) may be equal to net income after taxes c) is Profit before considering cost of goods sold d) is Total profit earned by the corporation since the inception of the corporation e) None of the above
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b may be equal to net income after taxes Gross profit is the difference between revenue and th...
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