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Accounting for Merchandising Activities
?
Gross profit from sales is the difference between
net sales and operating expenses
net sales and the cost of goods sold
net sales and the cost of goods sold plus all the expenses
gross sales less the sales discounts and sales returns and allowances
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (B)
net sales and the cost of goods sold
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