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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
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    What Is the Term Applied to the Excess of Net
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What Is the Term Applied to the Excess of Net

Question 93

Question 93

Multiple Choice

What is the term applied to the excess of net sales over the cost of goods sold?


A) gross sales
B) profit from operations
C) profit
D) gross profit

Correct Answer:

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