Which of the following statements is incorrect?
A
Option A: Gross profit is a sum of net profit and operating expenses
B
Option B: Sales is a sum of cost of goods sold and gross profit
C
Option C: Operating expenses means a difference between gross profit and net profit
D
Option D: None of these
Correct answer D. None of these
Explanation
All three statements hold: sales equal cost of goods sold plus gross profit, and gross profit equals net profit plus operating expenses, so none is incorrect.
Answer checked 11 October 2026 · How we write and check questions
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