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The income statement of a merchandising business includes: a) Sales Revenue, Cost of Sales, Gross Profit and Net Worth b) Sales Revenue, Cost of Goods

The income statement of a merchandising business includes:

a) Sales Revenue, Cost of Sales, Gross Profit and Net Worth

b) Sales Revenue, Cost of Goods Sold, Gross Profit and Net Income (Loss)

c) Service Revenue, Cost of Goods Sold, Gross Profit and Net Income (Loss)

d) Service Revenue, Gross Profit, Operating Expenses and Net Worth

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