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Which of the following is generally true for the cost of goods sold amount that a merchandising company would report on its income statement? Multiple
Which of the following is generally true for the cost of goods sold amount that a merchandising company would report on its income statement?
Multiple Choice
It is a mixed cost.
It is a variable cost.
It is a fixed cost.
It has no effect on the contribution margin.
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Financial accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
IFRS Edition
9781119153726, 978-1118285909
