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    Business
  3. Study Set
    Financial Accounting Information for Decisions
  4. Exam
    Exam 4: Reporting and Analyzing Merchandising Operations
  5. Question
    A Company Had Sales of $350,000 and Cost of Goods
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A Company Had Sales of $350,000 and Cost of Goods

Question 202

Question 202

True/False

A company had sales of $350,000 and cost of goods sold of $200,000,which means gross profit is equal to $550,000.

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