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    Financial Accounting Study Set 24
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    Exam 6: Reporting and Interpreting Sales Revenue, Receivables, and Cash
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    Gross Margin (Gross Profit) Is Computed as Sales Revenue Plus
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Gross Margin (Gross Profit) Is Computed as Sales Revenue Plus

Question 117

Question 117

True/False

Gross margin (gross profit) is computed as sales revenue plus cost of goods sold.

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