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Which of the following multi-step income statement formulas is correct? Select one: a. Profit cost of goods sold = gross profit b. Profit +/- other
Which of the following multi-step income statement formulas is correct?
Select one:
a.
Profit cost of goods sold = gross profit
b.
Profit +/- other revenues and expenses = operating profit
c.
Profit +/- other revenues and expenses = gross profit
d.
Gross profit operating expenses = net sales
e.
Operating expenses cost of goods sold = gross profit
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