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Use the following financial information to find the entry you would make on an income statement for GROSS MARGIN for the year ended December 3
Use the following financial information to find the entry you would make on an income statement for GROSS MARGIN for the year ended December :
Gross Sales, $; Sales Returns and Allowances, $; Sales Discounts, $; Merchandise Inventory, January $; Merchandise Inventory, December $; Net Purchases, $; Freight In $; Salaries, $; Rent, $; Utilities, $; Insurance, $; and Income Tax, $
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