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    Financial Accounting Study Set 31
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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 153

Question 153

Multiple Choice

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


A) freight-out.
B) utilities expense.
C) cost of goods sold.
D) insurance expense.

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