Gross sales are $100,000. Which is TRUE?

A. If net profit is $10,000 then the costs and expenses are $110,000
B. If cost and expense were $70,000 then net profit is $20,000
C. If cost and expense were $110,000 then the net loss is (?$10,000)
D. All of the above are false


C. If cost and expense were $110,000 then the net loss is (?$10,000)

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