Lo 2.1which of the following represents the components of the income statement for a manufacturing business?

sales revenue – cost of goods sold = gross profit
service revenue – operating expenses = gross profit
service revenue – cost of goods manufactured = gross profit
sales revenue – cost of goods manufactured = gross profit

Sales Revenue – Cost of Goods Sold = gross profit

Explanation:

In order to determine the income statement components, the following component is shown

Gross profit = Sales revenue - the cost of goods sold

where,

Sales revenue represents the sales of the business organization

And, the cost of goods sold would be

= Opening inventory + Purchase - ending inventory

By deducting the cost of goods sold from the sales revenue the gross profit can arrive

answer; i believe that the correct answer is (an elevator pitch);