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Why would an increase in sales revenue not necessarily signal an increase in net income? Sales returns and allowances may increase by a greater amount.
Why would an increase in sales revenue not necessarily signal an increase in net income?
Sales returns and allowances may increase by a greater amount.
Gross profit may increase by a greater percentage than sales revenue.
Income tax expense may increase by a greater amount.
Other revenues and gains are greater than other expenses and losses.
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