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    Financial Accounting Tools Study Set 2
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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
  5. Question
    The Operating Expenses Section of a Multiple-Step Income Statement for a Merchandising
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The Operating Expenses Section of a Multiple-Step Income Statement for a Merchandising

Question 3

Question 3

Multiple Choice

The operating expenses section of a multiple-step income statement for a merchandising company would not include


A) freight out.
B) utilities expense.
C) cost of goods sold.
D) loss on sale of equipment.

Correct Answer:

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