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    Financial Accounting Study Set 10
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    Exam 13: Financial Statement Analysis
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    In Performing a Vertical Analysis, the Base for Cost of Goods
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In Performing a Vertical Analysis, the Base for Cost of Goods

Question 61

Question 61

Multiple Choice

In performing a vertical analysis, the base for cost of goods sold is:


A) net sales.
B) total revenues.
C) total expenses.
D) gross profit.

Correct Answer:

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