If the cost of goods sold percentage increases, this means that the cost to acquire products has increased.

True

False

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Question 21

5 pts

In which section of the income statement should interest income be classified?

Net sales.

Operating expenses.

Other revenue/expense.

Special items.

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Question 22

5 pts

Operating profit measures the overall performance of the company's operations separate from items that are not directly related to operations.

True

False

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