Stockholders' equity increases only when credit sales are made QUESTION 17 2 Here are several items that appear on an income statement Cost of goods sold $1,990; Net sales $4,315 Operating expenses 2,300; Income taxes 650 Net other other revenues and gains netted against other expenses and losses) $800 How much is gross profit? $800 $825 $3,125 $2,325 QUESTION 18 Depreciation and amortization are processes for recording price level fluctuation market valuation cost allocation cash accumulation, QUESTION 19 Save All Answe