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Describe cost of goods sold and operating expenses.
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Describe cost of goods sold and operating expenses.
Describe cost of goods sold and operating expenses.
Textbook
Business in Action
Edition:
9
th
Authors:
Bovee, Thill
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Cost of goods sold refers to the cost of producing or acquiring a company's products for sale during a given period. Operating expenses refer to all costs of operation that are not included under cost of goods sold.
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