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  3. gross profit is equal to a. sales minus (sellin

Gross profit is equal to A. sales minus (selling and administrative expenses)....

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Question

Accounting

Gross profit is equal to

A. sales minus (selling and administrative expenses).
B. sales minus (cost of goods sold and depreciation expense).
C. sales minus cost of goods sold.
D. sales minus (cost of goods sold and selling and administrative expenses).

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