Top Mud Sites Forum - View Single Post - Aardwolf commercially violating diku licence

10-31-2003, 12:53 AM

I guess I'm wrong. I've never seen the term on a P&L statement, only profit before taxes and profit after taxes. And the difference between the two according to the IRS is that gross profit is revenue minus expenses, and net profit is revenue minus expenses minus taxes.

Which leaves one to ponder just where does one get the notion that gross profit is revenue without taking into account expenses as has been floated on these threads?

10-31-2003, 12:53 AM	#69
Posts: n/a	I guess I'm wrong. I've never seen the term on a P&L statement, only profit before taxes and profit after taxes. And the difference between the two according to the IRS is that gross profit is revenue minus expenses, and net profit is revenue minus expenses minus taxes. Which leaves one to ponder just where does one get the notion that gross profit is revenue without taking into account expenses as has been floated on these threads?