The difference between a department’s net sales and cost of goods sold is called (a) departmental gross profit. (b) departmental direct operating income. (c) departmental operating income. (d) net income.

The difference between a department’s net sales and cost of goods sold is called (a) departmental gross profit. (b) departmental direct operating income. (c) departmental operating income. (d) net income.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The difference between a department’s net sales and cost of goods sold is called

(a) departmental gross profit.

(b) departmental direct operating income.

(d) net income.

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