Discussion :: Chemical Engineering Plant Economics
- Pick out the wrong statement.
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A.
Gross revenue is that total amount of capital received as a result of the sale of goods or service |
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B.
Net revenue is the total profit remaining after deducting all costs excluding taxes |
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C.
The ratio of immediately available cash to the total current liabilities is known as the cash ratio |
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D.
Consolidated income statement based on a given time period indicates surplus capital and shows the relationship among total income, costs & profit over the time interval |
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Answer : Option B
Explanation :
Explanation Not Provided
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