Match the term with its definition.
-Sales less the cost of goods sold
A)accrued expenses
B)cash flow activities
C)cost of goods sold
D)gross profits
E)long-term debt
F)long-term note
G)net profits
H)operating profits
I)profit margins
J)profits before taxes (taxable income)
K)short-term notes
L)statement of cash flows

Question

Quizplus · Accepted Answer

Gross profits is defined as sales less the cost of goods sold.

Match the Term with Its Definition