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Cornerstones of Managerial Accounting Study Set 1
Quiz 2: Basic Managerial Accounting Concepts
Refer to the Figure.what Was the Administrative Expense Percentage
Question 87
Multiple Choice
Refer to the Figure.What was the administrative expense percentage? A) 15% B) 16% C) 17% D) 19%
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Q 88
Refer to the Figure.What was the operating income percentage? A) 15% B) 16% C) 17% D) 19%
Q 89
Which of the following would NOT be found on the income statement of a service organization? A) selling expenses B) gross margin C) operating income D) cost of goods sold
Q 90
Which of the following can be found on the income statements of both a manufacturer and a service organization? A) cash B) accumulated amortization C) cost of goods sold D) administrative expenses
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