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    College Accounting Study Set 1
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    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
  5. Question
    Gross Profit Equals Net Sales Minus Cost of Goods Sold
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Gross Profit Equals Net Sales Minus Cost of Goods Sold

Question 96

Question 96

True/False

Gross profit equals Net Sales minus Cost of Goods Sold.

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