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Gross profit represents profit after the deduction of cost of goods sold, and before the deduction of all other selling expenses, general expenses, and tax expense. (Points : 2) True False
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Asked 7/1/2013 1:51:12 PM
Updated 9/16/2014 5:17:18 PM
1 Answer/Comment
Flagged by emdjay23 [9/16/2014 5:17:18 PM]
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User: Gross profit represents profit after the deduction of cost of goods sold, and before the deduction of all other selling expenses, general expenses, and tax expense. (Points : 2) True False

Question
Asked 7/1/2013 1:51:12 PM
Updated 9/16/2014 5:17:18 PM
1 Answer/Comment
Flagged by emdjay23 [9/16/2014 5:17:18 PM]
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3
Gross profit represents profit after the deduction of cost of goods sold, and before the deduction of all other selling expenses, general expenses, and tax expense. This is TRUE.


Added 9/16/2014 5:17:12 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/17/2014 1:16:30 AM]
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Questions asked by the same visitor
Financial managers are responsible for controlling cash flows. (Points : 2) True False
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Not Answered
Updated 2/20/2014 6:05:39 AM
1 Answer/Comment
TRUE. Financial managers are responsible for controlling cash flows.

Added 2/20/2014 6:05:39 AM
This answer has been confirmed as correct and helpful.
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