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kuttin kuttin
wrote...
A year ago
Gross profit on a pro-forma income statement is calculated as

▸ budgeted sales revenue minus product cost and period cost.

▸ budgeted sales revenue minus contribution margin.

▸ budgeted sales revenue minus budgeted cost of goods sold.

▸ None of these answer choices are correct.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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jcochran128jcochran128
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Posts: 126
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A year ago
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