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weston 6 Bank indebtedness is wered arked out of 0 Flag question Select one: reported as a current liability. reported as part of the current asset cash account O added to cash equivalents reported as a non-current liability, stion 7 The maturity value of a $20,000, 6%, 4-month note receivable dated July 3, with interest due at maturity, is Pered red out of Select one: $400 og question $20,000 e $20,400 $21.200 eston 8 ot yet aswered If a company has a higher gross profit margin than other companies in the same industry, it means that the company ked out of 50 Flag question Select one: is more profitable overall has done a better job at maintaining marks-ups or controlling product costs relative to sales revenue O has higher income from operations. O has done a better job in controlling its operating and other expenses relative to sales revenue. eito 9 When a customer returns merchandise, the entry includes yet wered ked out of lag question Select one: O a credit to Refund Liability. O a credit to Estimated Inventory Returns. O a credit to Inventory. a debit to Sales. Question 10 Sales taxes that are collected from selling a product or service are recorded as Not yet answered Marked out of 550 Select one: revenue Flag question o an expense O an asset A liability