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Which of the following is not a true statement? Question 2 options: a. Under the revenue recognition policy, revenue is recognized when cash is received.
Which of the following is not a true statement? Question 2 options: a. Under the revenue recognition policy, revenue is recognized when cash is received. b. Operating expenses include costs of goods sold selling expenses, depreciation expense, and research and development expense. c. Gross Profit Margin is calculated by subtracting cost of goods sold from sales. d. Nonoperating income and expenses relate to a firms financing and investing activities.
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