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  3. Study Set
    Fundamental Accounting Principles Study Set 5
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    Exam 5: Accounting for Merchandising Operations
  5. Question
    A Merchandising Company
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A Merchandising Company

Question 4

Question 4

Multiple Choice

A merchandising company:


A) Earns net income by buying and selling merchandise.
B) Receives fees only in exchange for services.
C) Earns profit from commissions only.
D) Earns profit from fares only.
E) Buys products from consumers.

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