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    Principles of Financial Accounting Study Set 1
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    Exam 5: Accounting for Merchandising Operations
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    The Operating Expense Section of an Income Statement for a Wholesaler
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The Operating Expense Section of an Income Statement for a Wholesaler

Question 121

Question 121

Multiple Choice

The operating expense section of an income statement for a wholesaler would NOT include


A) office supplies expense.
B) telephone expense.
C) cost of goods sold.
D) insurance expense.

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