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ACCT 1003 Week 3
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· Question 1
Cost of goods sold is a revenue account.
· Question 2
Which type of income statement provides intermediate profit measures?
· Question 3
A stock split will increase the stock price.
· Question 4
Gross sales - Sales allowances = ___________
· Question 5
Repairs and maintenance are what type of expense?
· Question 6
Revenue - Expense = Net income
· Question 7
Net sales - Cost of goods sold = Gross profit
· Question 8
Cost of goods sold is what type of account?
· Question 9
Gross profit - Operating expenses = ___________
· Question 10
Depreciation expense can vary for internal and external reporting.
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- Submitted On 03 Aug, 2015 02:15:17
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- Sportzcardking
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Cost of goods sold is a revenue acco...
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