Future of Business
Quiz 16: Accounting for Financial Success
All Publicly Held Companies Must Include a Statement of Cash
All publicly held companies must include a statement of cash flows in their financial reports to shareholders.
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Cost of goods sold is the total expense of buying or producing the company's goods or services.
Net profit is the amount a company earns after paying to produce or buy its products but before deducting operating expenses.
Selling expenses are those related to marketing and distributing the company's products.
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