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    Principles of Financial Accounting Study Set 1
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    Exam 5: Accounting for Merchandising Operations
  5. Question
    If Gross Profit Is $80,000 and Operating Expenses Are $55,000
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If Gross Profit Is $80,000 and Operating Expenses Are $55,000

Question 49

Question 49

True/False

If Gross Profit is $80,000 and operating expenses are $55,000, then the Profit from Operations is $25,000.

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