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    Financial Accounting Study Set 31
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    Exam 5: Accounting for Merchandising Operations
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    After Gross Profit Is Calculated, Operating Expenses Are Deducted to Determine
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After Gross Profit Is Calculated, Operating Expenses Are Deducted to Determine

Question 129

Question 129

Multiple Choice

After gross profit is calculated, operating expenses are deducted to determine


A) gross margin.
B) net income.
C) gross profit on sales.
D) net margin.

Correct Answer:

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