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Sullivan Company Uses the Periodic Inventory System

Question 132

Multiple Choice

Sullivan Company uses the periodic inventory system. The following balances were drawn from the accounts of Sullivan Company prior to the closing process: Sullivan Company uses the periodic inventory system. The following balances were drawn from the accounts of Sullivan Company prior to the closing process: What is the gross margin that will be shown on the income statement? A) $8,400 B) $7,200 C) $15,600 D) $18,400 What is the gross margin that will be shown on the income statement?


A) $8,400
B) $7,200
C) $15,600
D) $18,400

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