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    Exam 5: Accounting for Merchandising Operations
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    After Gross Profit Is Calculated Operating Expenses Are Deducted to Determine
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After Gross Profit Is Calculated Operating Expenses Are Deducted to Determine

Question 177

Question 177

Multiple Choice

After gross profit is calculated operating expenses are deducted to determine


A) gross margin.
B) net income.
C) gross profit on sales.
D) net margin.

Correct Answer:

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