Question: Which statement below is correct or true? Select one: a . Net Income and Net Profit mean the same thing. b . The term EBIT
Which statement below is correct or true?
Select one:
a "Net Income" and "Net Profit" mean the same thing.
b The term EBIT stands for Earnings Before Income Tax
c "Sales" and "Revenue" and "Income" and "Profit" all mean the same thing
d Cost of Goods Sold or COGS tends to be a rather fixed expense and does not very with changes in sales.
e "Permanent" accounts are generally presented within the Income Statement.
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