true or false question gross profit is what a company shows on their income statement as the bottom line…
true or false question gross profit is what a company shows on their income statement as the bottom line figure. o true o false need help? review these concept resources. read about the concept
Answer
Brief Explanations:
The bottom - line figure on an income statement is net income, not gross profit. Gross profit is calculated as revenue minus cost of goods sold, while net income is after all expenses (including operating expenses, taxes, etc.) are deducted from revenue.
Answer:
False