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  3. Study Set
    Accounting For Managers Interpreting
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    Exam 6: Constructing Financial Statements: IFRS and the Framework of Accounting
  5. Question
    The Difference Between the Cost of Buying Goods and the Income
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The Difference Between the Cost of Buying Goods and the Income

Question 6

Question 6

Multiple Choice

The difference between the cost of buying goods and the income generated from selling those goods is most properly classified as;


A) Revenue
B) Cost of sales
C) Gross profit
D) Net profit

Correct Answer:

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