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Sales are equal to Select one: a. Cost of goods sold - gross profit O b. Cost of goods sold + gross profit O c.

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Sales are equal to Select one: a. Cost of goods sold - gross profit O b. Cost of goods sold + gross profit O c. Gross profit + Indirect incomes O d. Gross profit - cost of goods sold Financial accounting is primarily concerned with reporting for the company as a whole. Select one: True O False Contribution is the difference between sales and cost of sales. Select one: O True O False A mixed cost is a combination (or acts as if it contains a combination) of fixed and variable costs. Select one: True O False

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