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FNB 100 Quiz 1 Which of the following is an incorrect statement? Revenue Operating Income = Gross Margin Revenue = Price Qty sold or TR

FNB 100 Quiz 1

Which of the following is an incorrect statement?
1. Revenue Operating Income = Gross Margin
2. Revenue = Price Qty sold or TR = P*Q
3. EAT = EBT Taxes
4. Income Expenses = Operating Income
5. Revenue CGS = Gross Profit

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