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    Horngrens Accounting Study Set 2
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    Exam 5: Merchandising Operations and the Accounting Cycle
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    The Gross Margin Percentage Is Determined by Dividing the Gross
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The Gross Margin Percentage Is Determined by Dividing the Gross

Question 143

Question 143

True/False

The gross margin percentage is determined by dividing the gross margin by the net sales revenue.

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