Which of the following statements is truea only service, Ask an Expert

Finance

Which of the following statements is true?

a. Only service companies report both cost of goods sold and gross profit.

b. Cost of goods sold is the largest expense item for many firms.

c. Cost of goods sold is not affected by the choice of inventory valuation method.

d. Cost of goods sold equals gross profit.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92054822

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