Pick out the wrong statement?

5296Chemical EngineeringMedium

AThe ratio of immediately available cash to the total current liabilities is known as the cash

BConsolidated income statement based on a given time period indicates surplus capital and

CNet revenue is the total profit remaining after deducting all costs excluding taxes

DGross revenue is that total amount of capital received as a result of the sale of goods or service

Correct answer

C. Net revenue is the total profit remaining after deducting all costs excluding taxes

Explanation

The correct answer is Net revenue is the total profit remaining after deducting all costs excluding taxes.

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