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Financial & Managerial Accounting 13th Edition by Carl Warren , James Reeve,Jonathan Duchac
Edition 13ISBN: 978-1285868776Financial & Managerial Accounting 13th Edition by Carl Warren , James Reeve,Jonathan Duchac
Edition 13ISBN: 978-1285868776 Exercise 2
Determining cost of merchandise sold
For a recent year, Best Buy reported sales of $50,705 million. Its gross profit was $12,573 million. What was the amount of Best Buy's cost of merchandise sold?
For a recent year, Best Buy reported sales of $50,705 million. Its gross profit was $12,573 million. What was the amount of Best Buy's cost of merchandise sold?
Explanation
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Requirement a:
The gross profit is the ...
Financial & Managerial Accounting 13th Edition by Carl Warren , James Reeve,Jonathan Duchac
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