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August 30, 2015

Homework Help: Business

Posted by jenny on Tuesday, October 27, 2009 at 6:21pm.

Which of the following is true concerning the preparation of financial statements?
a. The cost of goods sold is added to sales
b.The cost of goods sold is deducted from sales
c. The tax and interest are deducted before income profit is reported
d. The gross profit is found by deducting operating expenses from sales

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