[beautiful26]

Which of the following is true concering the preparation of financial statements?
A. The cost of goods sold is added to sales.
B. The cost of goods sold is deducted from sales.
C. The tax and interest are deducted before income profit is reported
D. the gross profit is found by deducting operating expenses from sales.



Can you give me the correct answer? Thanks

[morgaine300]

No, because we are not here just to do your homework problems for you. It's your work, not ours. We're here to help you understand your work. You need to make an attempt to do your own work first, as it is your work after all. In the case of a multiple choice, also state why you think that is the correct answer, which shows your effort to try to actually answer it, rather than just grab a guess out of the air.

If we see you make an effort to do your own work first, then we can let you know if you're correct, if you're on the right track with your thinking, etc.