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.
Which statement below is correct or true? Select

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