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  3. Study Set
    Fundamental Accounting Principles Study Set 6
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    Exam 5: Accounting for Merchandising Operations
  5. Question
    Cushman Company Had $800,000 in Net Sales,$350,000 in Gross Profit,and
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Cushman Company Had $800,000 in Net Sales,$350,000 in Gross Profit,and

Question 1

Question 1

Multiple Choice

Cushman Company had $800,000 in net sales,$350,000 in gross profit,and $200,000 in operating expenses.Cost of goods sold equals:


A) $150,000.
B) $450,000.
C) $800,000.
D) $350,000.
E) $200,000.

Correct Answer:

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