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    Fundamental Accounting Principles Study Set 5
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    Exam 18: Managerial Accounting Concepts and Principles
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    The Main Difference Between the Income Statement of a Manufacturer
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The Main Difference Between the Income Statement of a Manufacturer

Question 106

Question 106

True/False

The main difference between the income statement of a manufacturer and a merchandiser is that the merchandiser includes cost of goods manufactured rather than cost of goods purchased.

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