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    Financial Accounting Study Set 6
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    Exam 11: The Income Statement the Statement of Stockholders Equity
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    Steadily Decreasing Cost of Goods Sold as a Percentage of Net
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Steadily Decreasing Cost of Goods Sold as a Percentage of Net

Question 71

Question 71

Multiple Choice

Steadily decreasing cost of goods sold as a percentage of net sales is a sign of:


A) decreasing earnings quality.
B) increasing earnings quality.
C) earnings quality remaining the same.
D) none of the above.

Correct Answer:

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