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Which of the following expressions is incorrect? a. Gross profit- operating expenses net income b. Sales-cost ofgoods sold-operating expenses = net income c. Net income
Which of the following expressions is incorrect? a. Gross profit- operating expenses net income b. Sales-cost ofgoods sold-operating expenses = net income c. Net income + operating expenses gross profit d. Operating expenses - cost of goods sold gross profit led The ownership claim arising from the reinvestment of previous profits is cal a. net assets b. stockholders' equity c. investment income d. retained earnings
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