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    College Accounting
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    Exam 13: Completion of the Accounting Cycle for a Merchandising Company
  5. Question
    Net Sales - Cost of Goods Sold Is Equal to
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Net Sales - Cost of Goods Sold Is Equal to

Question 119

Question 119

Multiple Choice

Net Sales - Cost of Goods Sold is equal to


A) Net Income from Operations.
B) Operating Expenses.
C) Gross Profit.
D) Gross Expenses.

Correct Answer:

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