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    Fundamentals of Financial Accounting Study Set 2
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    Exam 13: Measuring and Evaluating Financial Performance
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    If Net Income Is Rising,but Both Sales and the Gross
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If Net Income Is Rising,but Both Sales and the Gross

Question 33

Question 33

Multiple Choice

If net income is rising,but both sales and the gross profit percentage remain the same,then:


A) operating expenses are falling.
B) operating expenses are rising.
C) cost of goods sold is falling.
D) cost of goods sold is rising.

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