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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 6: Reporting and Interpreting Sales Revenue,receivables,and Cash
  5. Question
    Gross Profit Is Calculated as Gross Sales Less Cost of Sales
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Gross Profit Is Calculated as Gross Sales Less Cost of Sales

Question 69

Question 69

True/False

Gross profit is calculated as gross sales less cost of sales.

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