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  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 5: Accounting for Merchandising Activities
  5. Question
    Z-Mart Had a Gross Profit of $340,000 Based on Sales
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Z-Mart Had a Gross Profit of $340,000 Based on Sales

Question 86

Question 86

True/False

Z-Mart had a gross profit of $340,000 based on sales of $700,000. Its cost of goods sold was $350,000.

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