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4. Know how to calculate net sales There are three methods of recognizing expenses: direct matching, immediate recognition and systematic allocation. Know what kinds of

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4. Know how to calculate net sales There are three methods of recognizing expenses: direct matching, immediate recognition and systematic allocation. Know what kinds of expenses fall into each category. Check the e-book and the practice set 5. Know how to calculate the amount of income or loss from a discontinued operation, including the tax effect. 6

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