Thread: You Don't Want to Believe It But It Is a Zero Sum Game
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Old 06-13-2007, 06:32 PM
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Default You Don't Want to Believe It But It Is a Zero Sum Game
Posted By: Max Weder

Leon

For shame. The fees they take in are revenue. Gross profit is determined by subtracting direct selling expenses. Net profit is determined after deduction of running expenses that aren't directly attributable to the sales.

Max
Tax lawyer by day, frustrated accountant by night, wishing his GAAP was more complete.

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