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6 Whalisthe term applied to the excess of net income from sales on the cost of goods gross profit C Operating income O net Income
6 Whalisthe term applied to the excess of net income from sales on the cost of goods gross profit C Operating income O net Income It is called the system of continuous inventory accounting records for each transaction that affects inventory C retail C newspapers physical Perpetual Gross profit is equal to sales and cost of goods sold sales plus selling expenses sales less selling expenses sales less cost of goods sold
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