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    Financial Accounting Tools Study Set 5
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    Exam 5: Merchandising Operations
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    Net Sales Less Cost of Goods Sold Is Called
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Net Sales Less Cost of Goods Sold Is Called

Question 51

Question 51

Multiple Choice

Net sales less cost of goods sold is called


A) gross profit.
B) cost of goods sold.
C) net income.
D) income before income taxes.

Correct Answer:

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