The total of the operating expenses for the period is deducted from the gross profit on sales to determine the net income or net loss from operations.

Name: The total of the operating expenses for the period is deducted from the gross profit on sales to determine the net income or net loss from operations.
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Operating expenses are deducted from gross profit on sales to determine the net income or net loss from operations.

The Total of the Operating Expenses for the Period Is