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  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 5: Accounting for Merchandising Activities
  5. Question
    Cost of Goods Sold Is
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Cost of Goods Sold Is

Question 37

Question 37

Multiple Choice

Cost of goods sold is


A) Another term for net sales
B) The term used for the cost of buying and preparing merchandise
C) An operating expense
D) Also called gross margin
E) The cost of goods sold to customers

Correct Answer:

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