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    Financial Accounting Study Set 29
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    Exam 6: Inventory and Cost of Goods Sold
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    Char Daniels, Controller for Chaka Inc
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Char Daniels, Controller for Chaka Inc

Question 70

Question 70

Multiple Choice

Char Daniels, controller for Chaka Inc., has the following items: The gross profit rate is:
Char Daniels, controller for Chaka Inc., has the following items: The gross profit rate is:   A) 20%. B) 60%. C) 50%. D) 40%.


A) 20%.
B) 60%.
C) 50%.
D) 40%.

Correct Answer:

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