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Match the correct description with each of the following line items found on the income statement. Sales Revenue A price times the quantity sold Cost

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Match the correct description with each of the following line items found on the income statement. Sales Revenue A price times the quantity sold Cost of Sales B. amount paid for inventory Gross Profit C. subtracted Sales Revenue to arrive at gross profit D. subtracted from Gross Profit to arrive at Operating Income Operating Expenses E. cash collected from customers F. amount of purchases G. Sales Revenue minus Cost of Sales

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