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  3. Study Set
    Business Essentials Study Set 3
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    Exam 11: Understanding Accounting
  5. Question
    Madeline Wants to Determine Operating Income for Her Company
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Madeline Wants to Determine Operating Income for Her Company

Question 3

Question 3

True/False

Madeline wants to determine operating income for her company. To do so, she must subtract both the cost of goods sold and all operating expenses from gross sales revenue.

Correct Answer:

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