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    College Accounting Study Set 1
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    Exam 11: Preparing a Worksheet for a Merchandise Company
  5. Question
    If Gross Profit Exceeds Operating Expenses,the Company
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If Gross Profit Exceeds Operating Expenses,the Company

Question 19

Question 19

Multiple Choice

If gross profit exceeds operating expenses,the company:


A) had a net loss.
B) broke even.
C) had a net income.
D) liabilities are greater than gross profit.

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