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The operating expenses section of an income statement for a merchandising company would include which of the following:
a. freight -out
b. freight -in
c. cost of goods sold
d. onl a and c are correct
e. only b and c are correct
The operating expenses section of an income statement for a merchandising company would not include which of the following:
a. rent expense
b. unearned revenue
c. utilities expense
d. freight-out
e. insurance expense
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