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Multiple Select Question Select all that apply Identify the statements below which are correct...

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Accounting

Multiple Select Question
Select all that apply
Identify the statements below which are correct regarding a merchandiser's income statement. (Check all that apply).
Merchandise inventory is reported on the statement.
Expenses are subtracted from gross profit to calculate net income.
Accounts receivable is included on the statement.
Cost of goods sold is subtracted from net sales to determine gross profit.
Total assets is the last line on the statement.
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