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    Financial Accounting Study Set 10
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    Exam 11: The Income Statement, the Statement of Comprehensive Income, the Statement of Stockholders Equity
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    There Will Be Income from Operations If
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There Will Be Income from Operations If

Question 118

Question 118

Multiple Choice

There will be income from operations if:


A) revenues are greater than cost of goods sold.
B) revenues are greater than operating expenses.
C) gross profit is greater than operating expenses.
D) cost of goods sold is greater than operating expenses.

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