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Match the correct description with each of the following line items found on the income statement. Sales Revenue Cost of Sales Gross Profit Operating Expenses
Match the correct description with each of the following line items found on the income statement. Sales Revenue Cost of Sales Gross Profit Operating Expenses A. price times the quantity sold B. amount paid for inventory C. subtracted Sales Revenue to arrive at gross profit D. subtracted from Gross Profit to arrive at Operating Income E. cash collected from customers F. amount of purchases G. Sales Revenue minus Cost of Sales
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