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    Financial Accounting Study Set 30
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    Exam 7: Inventory and Cost of Goods Sold
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    When Ending Inventory Is Smaller Than Beginning Inventory, Gross Margin
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When Ending Inventory Is Smaller Than Beginning Inventory, Gross Margin

Question 107

Question 107

True/False

When ending inventory is smaller than beginning inventory, gross margin is less than, if ending inventory were larger than beginning inventory (assuming purchases remain constant).

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