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    Fundamentals of Financial Accounting Study Set 4
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    Exam 7: Inventories and Cost of Goods Sold
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    Use the Information Above to Answer the Following Question
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Use the Information Above to Answer the Following Question

Question 106

Question 106

Multiple Choice

Use the information above to answer the following question.Which of the following statements is true?


A) The sales revenue is $1,500.
B) The gross profit is $1,500.
C) The cost of goods sold is $1,500.
D) The net income is $1,500.

Correct Answer:

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