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pls answer all Which of the following statements regarding gross profit calculation is (are) true? O A. Gross profit (margin) is net sales minus cost

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Which of the following statements regarding gross profit calculation is (are) true? O A. Gross profit (margin) is net sales minus cost of goods sold. O B. Gross profit (margin) is sales minus sales return. O C. Both A) and B) above are true statements. OD. Neither A) nor B) above is a true statement. Which of the following statements regarding inventory management is (are) true? O A The UFO method assumes that the costs for the newest goods (the last ones in) are used first and the older costs are left in ending inventory O B. During a period of rising prices. UFO results in a lower income tax expense than does FIFO. OC. Both A) and B) above are true OD. Neither A) nor B) above is true NSF checks from customers should be an) __on a bank reconciliation O A. Addition to the book balance. O B. Subtraction from the book balance. OC. Addition to the bank balance. OD. Subtraction from the bank balance. In the process of reconciling its bank statement for April. Donahue Enterprises' accountant compiles the following information: 5 6.275 5 1.300 5 620 Cash balance per company books on April 30 Deposits in transit at month-end Outstanding checks at month-end Bank charge for printing new checks Note receivable and interest collected by bank on Donahue's behalf A check paid to Donahue during the month by a customer is returned by the bank as NSF 5 45 $ 770 $ 480 The adjusted cash balance per the books on April 30 is: O A $4,600 OB. 58,160 O C 55.840. O D. 56.520

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