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    Fundamental Accounting Principles Study Set 1
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    Exam 5: Accounting for Merchandising Operations
  5. Question
    A ________ Income Statement Includes Cost of Goods Sold as Another
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A ________ Income Statement Includes Cost of Goods Sold as Another

Question 254

Question 254

Short Answer

A ________ income statement includes cost of goods sold as another expense and shows only one subtotal for total expenses.

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