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Re: hamberlinmark post# 83358

Tuesday, 07/08/2014 12:21:15 AM

Tuesday, July 08, 2014 12:21:15 AM

Post# of 163729
Really dude? Try reading a finance or an accounting book....revenue is income from sales or other operating activities, and LIKE I SAID, profit = revenue - expenses. In your example you say a $3 sale and $4 cost of goods sold....

NEWSFLASH!!!!

Cost of goods sold is an EXPENSE!!!! And the sale is INCOME FROM AND OPERATING ACTIVITY, otherwise known as R-E-V-E-N-U-E!!! Get a clue seriously or get a new hobby. Heaven help you if you're trying to make stock trading your livelihood...