on 5 Cash flow statement displays the profit or loss made by the business. d Select one: out of O True question O False n6 Sales revenue less cost of goods sold is gross profit Select one: Sut of True question False con 7 When assets are subtracted from liabilities it will be equal to net income ed Select one: out of True question False n8 Sales revenue will be on the credit side of the Trial Balance d Select one: out of O True question False