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    Business
  3. Study Set
    Fundamental Financial Accounting Concepts Study Set 1
  4. Exam
    Exam 5: Accounting for Inventories
  5. Question
    A Company's Gross Margin Reported on the Income Statement Is
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A Company's Gross Margin Reported on the Income Statement Is

Question 3

Question 3

True/False

A company's gross margin reported on the income statement is not affected by the inventory cost flow method it uses.

Correct Answer:

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