Distinguish Between Cost of Goods Sold and Operating Expenses,describing the Nature

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The Answer is Cost of goods sold includes the cost of obtaining the goods held for resale; it is deducted directly from net sales on the income statement.Operating expenses,on the other hand,include selling and general and administrative expenses; they appear directly beneath gross margin on the income statement.

Distinguish Between Cost of Goods Sold and Operating Expenses,describing the Nature

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Correct Answer:
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Distinguish Between Cost of Goods Sold and Operating Expenses,describing the Nature

Essay

Correct Answer:VerifiedShow Answer

Correct Answer:
Verified