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the Questions: 1. Explain the difference between Sales Revenue and Net Sales. 2. Show the Income Statement equation and define each element. 3. Define Goods
the Questions:
1. Explain the difference between Sales Revenue and Net Sales.
2. Show the Income Statement equation and define each element.
3. Define Goods available for sale. How does it differ from Cost of goods sold?
4. Explain the differences between depreciation expense and accumulated depreciation?
5. Briefly distinguish financial accounting from managerial accounting
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