Multiple Choice
T Co's gross profit percentage has been increasing in the three years from 2011 through 2013 from 36.5% to 39.8%. This change has most likely been caused by which of the following?
A) Higher product costs
B) Selling products for higher prices
C) Selling products with lower margins
D) Discounted prices
Correct Answer:

Verified
Correct Answer:
Verified
Q22: A customer purchased $2,000 of goods on
Q23: Allowance for Doubtful Accounts is a contra
Q24: Oucher Corporation's bank statement included two types
Q25: In 2013, T Co. reported a receivables
Q28: The WD Co. reported revenue of $23,402
Q29: Vida Corporation gathered the following reconciling information
Q30: Albert Company agreed to build a bowling
Q31: When credit terms for a sale are
Q99: It is possible for the allowance account
Q107: When a company records adjusting entries following