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    Fundamentals of Financial Accounting Study Set 3
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    Exam 6: Merchandising Operations and the Multistep Income Statement
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    Gross Margin Is Net Sales Minus Cost of Goods Sold
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Gross Margin Is Net Sales Minus Cost of Goods Sold

Question 87

Question 87

True/False

Gross margin is net sales minus cost of goods sold.
BT: Knowledge

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