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  3. Study Set
    Intermediate Accounting Study Set 9
  4. Exam
    Exam 9: Inventories: Additional Valuation Issues
  5. Question
    In Most Situations, the Gross Profit Percentage Is Stated as a Percentage
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In Most Situations, the Gross Profit Percentage Is Stated as a Percentage

Question 89

Question 89

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In most situations, the gross profit percentage is stated as a percentage of cost.

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