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    Managerial Accounting
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    Exam 2: Basic Managerial Accounting Concepts
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    Knowles & Foreman Company Took the Following Data from Its
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Knowles & Foreman Company Took the Following Data from Its

Question 24

Question 24

Multiple Choice

Knowles & Foreman Company took the following data from its income statement at the end of the current year: Knowles & Foreman Company took the following data from its income statement at the end of the current year:   - What was gross margin for the year?  A)  $60,000 B)  $100,000 C)  $41,200 D)  None of these
-
What was gross margin for the year?


A) $60,000
B) $100,000
C) $41,200
D) None of these

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