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1. Which of the following is NOT true of sales? a. it appears on the income statement b. it is another name for profit c.

1. Which of the following is NOT true of "sales"?

	a.	it appears on the income statement
	b.	it is another name for profit
	c.	it can be calculated by multiplying the number of units of product sold X the price of each unit
	d.	all of the above are true of sales

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