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Sales revenue minus sales returns and allowances and sales discounts equals A. income from operations B. net sales C. gross margin D. cost of
Sales revenue minus sales returns and allowances and sales discounts equals A. income from operations B. net sales C. gross margin D. cost of goods sold
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ANSWER C Gross margin Gross margin equates to net sales minus the cost of goods sold The gross margin shows the amount of profit made before deducting ...
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Auditing A Practical Approach with Data Analytics
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
1st edition
1119401747, 978-1119401742
