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juncmodule juncmodule
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7 years ago
Which of the following is not true regarding the components of the income statement?
A) Cost of goods sold represents the total cost, excluding shipping, of the merchandise sold during the accounting period.
B) Gross profit margin is calculated by dividing gross profit by net sales revenue.
C) Operating expenses include those costs that contribute directly to the manufacture and distribution of goods.
D) A and B above
Textbook 
Essentials of Entrepreneurship and Small Business Management

Essentials of Entrepreneurship and Small Business Management


Edition: 6th
Author:
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Essentials of Entrepreneurship and Small Business Management 6th Edition by Scarborough
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tuhaftuhaf
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7 years ago
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juncmodule Author
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7 years ago
Smart ... Thanks!
hmonier
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This site is awesome
TAT1238
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2 hours ago
Just got PERFECT on my quiz
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