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    Financial and Managerial Accounting Study Set 11
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    Exam 21: Variable Costing for Management Analysis
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    On the Absorption Costing Income Statement, Deduction of the Cost
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On the Absorption Costing Income Statement, Deduction of the Cost

Question 62

Question 62

True/False

On the absorption costing income statement, deduction of the cost of goods sold from sales yields net profit.

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