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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 12: Preparing a Worksheet for a Merchandising Company
  5. Question
    If Gross Profit Exceeds Expenses, the Company
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If Gross Profit Exceeds Expenses, the Company

Question 50

Question 50

Multiple Choice

If gross profit exceeds expenses, the company


A) had a net loss.
B) broke even.
C) had a net income.
D) Not enough information given

Correct Answer:

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