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    Financial Accounting Tools Study Set 2
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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
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    Profit from Operations for a Merchandising Company Is Net Sales
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Profit from Operations for a Merchandising Company Is Net Sales

Question 85

Question 85

Multiple Choice

Profit from operations for a merchandising company is net sales less


A) operating expenses.
B) cost of goods sold.
C) sales discounts and cost of goods sold.
D) operating expenses and cost of goods sold.

Correct Answer:

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