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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 6: Reporting and Interpreting Sales Revenue,receivables,and Cash
  5. Question
    Which of the Following Is Not a Component of the Gross
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Which of the Following Is Not a Component of the Gross

Question 53

Question 53

Multiple Choice

Which of the following is not a component of the gross profit calculation?


A) Cost of sales.
B) Sales returns and allowances.
C) Allowance for doubtful accounts.
D) Credit card discounts.

Correct Answer:

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