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    Fundamental Accounting Principles Study Set 5
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    Exam 5: Accounting for Merchandising Operations
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    A Company Had Net Sales and Cost of Goods of $545,000
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A Company Had Net Sales and Cost of Goods of $545,000

Question 128

Question 128

True/False

A company had net sales and cost of goods of $545,000 and $345,000, respectively. Its gross margin equals $890,000.

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