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    Fundamental Accounting Principles Study Set 2
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    Exam 5: Accounting for Merchandising Activities
  5. Question
    Gross Profit Is Derived From
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Gross Profit Is Derived From

Question 35

Question 35

Multiple Choice

Gross profit is derived from:


A) Sales.
B) Beginning inventory.
C) Ending inventory.
D) Cost of goods sold.
E) All of these answers are correct.

Correct Answer:

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