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  1. business
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  3. the following are the income statements of the han

The following are the income statements of the Hancock Company for two consecutive years. Increases...

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Accounting

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The following are the income statements of the Hancock Company for two consecutive years. Increases in which of the expenses contributed to the net loss in Year 2? Year 2 $30,000 17,800 12,200 Year 1 $20,000 12,000 8,000 Revenue Cost of goods sold Gross margin Operating expenses Selling expenses Administrative expenses Total operating expenses Net income 4,800 7,800 12,600 $ (400) $ 4,600 3,000 7,600 400 Multiple Choice Administrative expenses o Cost of goods sold and administrative expenses o Selling expenses and administrative expenses o Cost of goods sold and selling expenses o

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